Gold prices rose further by Rs 75 to Rs 28,200 per 10 grams, extending yesterday's gains in the
national capital on increased buying by jewellers and
retailers amid a firming global trend.
Silver followed suit and gathered Rs 100 to Rs 45,200 per
Marketmen said the rise in gold prices was mostly
attributed to increased buying by jewellers and retailers amid
a firming trend overseas as the dollar fell after the US
Federal Reserve released minutes of its last meeting and
tension increased in the Middle East, boosting demand for a
Gold in Singapore, which normally sets the price trend on
the domestic front, rose by 0.3 per cent to USD 1,331.46 an
ounce and silver by 0.2 per cent to USD 21.16 an ounce.
In Delhi, gold of 99.9 and 99.5 per cent purity advanced
by Rs 75 each to Rs 28,200 and Rs 28,000 per 10 grams,
respectively. It had gained Rs 65 yesterday.
Sovereigns, however, remained flat at Rs 24,900 per piece
of eight grams in limited deals.
In line with a general firm trend, silver ready rose by Rs
100 to Rs 45,200 per kg and weekly-based delivery by Rs 110 to
Rs 45,045 per kg. The white metal had gained Rs 200 in the
On the other hand, silver coins enquired at last level of
Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces
in restricted buying.