Gold at 3-week high on positive global cues, jewellers buying

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With rising streak for the 5th straight session, gold prices now a days are surged by Rs 160 to 3-week high of Rs 29,660 per 10 gram at the bullion market.

Here in line with firm trend over seas and persistent buying by jewellers at domestic spot market.
where silver halted its 4 day rising trend and declined by Rs 65 to Rs 41,000 per kg on reduced offtake by industrial units and coin makers.

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According to Traders ,sentiment remained firm after gold climbed to four-week high in global market as uncertaintly potential risks if Britain decides to leave the European Union, and on weak chances of the US Federal Reserve raising interest rates at its meeting this week.

Globally, gold progressed 0.8 for every penny to USD 1,284.29 an ounce, the largest amount following May 16 in Singapore.

What’s more, kept purchasing by gem dealers at household spot market fuelled the uptrend on gold.

In the national capital, gold of 99.9 and 99.5 for every penny virtue climbed Rs 160 each to Rs 29,660 and Rs 29,510 for every 10 grams separately, a level keep going seen on May 23.

The value metal had picked up Rs 470 in the past four sessions.

Sovereign likewise climbed by Rs 100 to Rs 23,100 for every bit of eight grams.

Then again, silver prepared declined by Rs 65 to Rs 41,000 for every kg while week after week based conveyance fortified by Rs 80 to Rs 41,130 for every kg on theorists purchasing.

Silver coins, in any case, were unaltered at Rs 69,000 for purchasing and Rs 70,000 for offering of 100 pieces.

 

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