Gold gains ₹90 to ₹33,070 per 10 gram on jewellers’ buying, firm trend overseas

Silver too shone by gaining ₹715 to ₹38,725 per kg on increased offtake by industrial units and coin makers.

Gold prices on Wednesday rallied by ₹90 to ₹33,070 per 10 gram in the national capital on increased buying from jewellers amid firm trend overseas, according to the All India Sarafa Association.

Silver too shone by gaining ₹715 to ₹38,725 per kg on increased offtake by industrial units and coin makers.

Traders said gold prices crossing $1,300 an ounce overseas influenced the sentiment in the domestic market thereby leading to upward movement of gold prices.

In the international market, spot gold was trading higher at $1,305 an ounce while silver stood steady at $15.31 an ounce in New York.

On Tuesday, the yellow metal had declined by ₹235.

In the national capital, gold of 99.9% and 99.5% purity advanced by ₹90 each to ₹33,070 and ₹32,900 per 10 gram, respectively.

However, sovereign gold held steady at ₹26,400 per piece of eight gram.

Silver ready surged by ₹715 to ₹38,725 per kg, while weekly-based delivery slumped ₹87 to ₹37,743 per kg.

Silver coins, too, were in good demand and traded higher by ₹1,000 at ₹80,000 for buying and ₹81,000 for selling of 100 pieces, respectively.

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