Increased demand for wedding season due to wedding season increases

The bullion traders said that demand has increased in precious metals by reaching the new low level of US dollar three years. In dollar terms, demand for gold has increased as a safe option for investment.

New Delhi: Gold prices are continuously rising, gold volatility is increasing due to frequent ups and downs. Today, gold has risen by Rs 25 to Rs 31,100 per 10 grams today due to increased demand for global signs and marriage season. In the protest against the sealing campaign, the sarrafa and other markets were closed yesterday.

In the national capital, gold rose 99.9 percent and 99.5 percent purity rose by 25-25 rupees to Rs 31,100 and Rs 30,950 per ten gram respectively. Sovereign, however, declined by Rs 100 to Rs 24,800 per piece of eight gram.

Why are gold
bullion traders said that demand has increased in precious metals by reaching the new low level of US dollar three years. In dollar terms, demand for gold has increased as a safe option for investment. Apart from this, the demand for marriage jewelers wedding wedding season also led to a rise in gold.

Gold in global market rose
gold by 0.16 per cent to $ 1,343 an ounce in Singapore on global scale

Silver, on
the other hand, remained steady at Rs 39,900 per kilogram on the small demand from industrial units and coin makers. In the global market, silver rose 0.21 percent to $ 17.07 an ounce.

Silver spot remained steady at Rs 39,900 per kg, while weekly delivery was down by Rs 75 to Rs 38,940 per kilogram. Silver coins, however, remained steady at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces