Gold prices rise, silver shines even higher

The bullion traders told the reason behind the rise in gold prices in the spot market due to local jewelers' purchases, but the weak trend from abroad did not allow gold prices to rise further.

New Delhi: While ignoring the weak trend overseas, gold jewelers today, with slight buying by local jewelers, Gold price in the Delhi Sarafa Bazar rose by Rs 20 to Rs 30,500 per ten gram. In the last 2 days, Silver also

recovered by Rs 20 to Rs 39,900 per kg on increased offtake by industrial units and silver coin makers. On the other hand, silver ready rose by Rs 20 to Rs 39,900 per kg, while silver weekly-based delivery went down by Rs 15 to Rs 39,100 per kg.he price of gold has gone up by 50 rupees.

Gold in Delhi, silver
by 99.9 percent and 99.5 percent purity rose by Rs 20-20 to Rs 30,500 and Rs 30,350 per ten gram respectively. On Monday, gold rose by 30 rupees. However, the eight-gram gini remained steady at Rs 24,700 per unit.

The bullion traders told the reason behind the rise in gold prices in the spot market due to local jewelers' purchases, but the weak trend from abroad did not allow gold prices to rise further.

Gold in global markets, silver by
0.23 per cent to $ 1316.70 per ounce worldwide on the global front. Silver also fell by 0.20 per cent to $ 17.06 an ounce.