Wednesday, 23 May 2018

Gold prices recover on scattered buying, global cues

Gold costs recovered by Rs a hundred ninety to Rs thirty one,100 per ten grams at the bullion market here these days on scattered shopping for by native jewellers and retailers, amid firm international cues.

Silver, however, reinforced by Rs 460 to Rs forty,175 per weight unit on the rear of inflated offtake from industrial units.

Standard gold (99.5 purity) hardened by Rs a hundred ninety to complete at Rs thirty one,100 per ten grams from its long closing level of Rs thirty,910.

Pure gold (99.9 purity) conjointly enraptured up by the same margin to finish at Rs thirty one,250 per ten grams against Rs thirty one,060 antecedently.

Silver (.999 fineness) spurted by Rs 460 per weight unit to complete at Rs forty,175 compared to Rs thirty-nine,715 earlier.

Globally, gold edged up from a 2018 low, adding traction because the dollar fell off its five-month high, although risk appetence within the broader money markets unbroken the valuable metals gains in restraint.

Spot gold had edged up zero.2 % to USD one,294.81 per ounce at early trade.
Silver rose zero.7 % to USD sixteen.60 an oz.
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