Gold recovers from two days down due to demand in marriage season

In the local market, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 20-20 to Rs 30,850 and Rs 30,700 per ten gram respectively

New Delhi: Gold prices rose by Rs 20 to Rs 30,850 per 10 grams in the national capital today on the back of positive trend in global markets and local demand. This is a slight increase after two consecutive days of decline.

In the domestic market, gold of
99.9 and 99.5 per cent purity rose by Rs 20-20 each to Rs 30,850 and Rs 30,700 per 10 grams in the domestic market . In the last two days this was Rs 270 lesser. However, the eight grams of gini remained at Rs 24,800 per unit.

Gold in global markets
rose 0.32 per cent to $ 1,330.60 an ounce in New York yesterday on the global front. Silver also rose by 0.38 per cent to $ 17 an ounce. Traders said that to meet the demand for marriage in the overseas markets and increased demand in the domestic spot market, the price of gold has been strengthened.

Silver
also gained Rs 50 to Rs 39,900 per kg on increased demand from industrial units and coin makers. Silver coins recovered by Rs. 50 to Rs. 39,900 per kg. However, weekly-based delivery fell by Rs 120 to Rs 38,870 per kilogram. Silver coins remained stagnant Coin liquefied 74 thousand rupees and coin sold for Rs 75,000 per hundred