Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Gold surges by Rs 300 on high demand

Author: PTI/Wednesday, April 11, 2018/Categories: Gold

Gold surges by Rs 300 on high demand

New Delhi, April 11 - Gold prices surged by Rs 300 to Rs 31,850 per ten gram at the bullion market on persistent buying by local jewellers amid a firm global trend.

Silver followed suit and shot up by Rs 360 to Rs 39,760 per kg due to increased offtake by industrial units and coin makers.

Traders said sentiment remained upbeat on positive global cues as the dollar index hovered near two-week lows, with markets awaiting key US inflation data and minutes from the Federal Reserve's March meeting.

Globally, gold rose 0.40% to USD 1,344.40 an ounce and silver by 0.15% to USD 16.57 an ounce in Singapore.

Moreover, increased offtake by local jewellers to meet demand from retailers at domestic spot market, fuelled the uptrend, they said.

In the national capital, gold of 99.9% and 99.5% purity rose by Rs 300 each to Rs 31,850 and Rs 31,700 per ten gram, respectively. It had gained Rs 200 in the previous three sessions.

Sovereign however held steady at Rs 24,800 per piece of eight gram.

Following gold, silver ready advanced by Rs 360 to Rs 39,760 per kg and weekly-based delivery by Rs 330 to Rs 38,775 per kg.

Silver coins however continued to be enquired at previous level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

Print Rate this article:
No rating

Number of views (42)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.