Gold price logs weekly gain of Rs 300 per 10 gm
Both the precious metals, gold and silver ended higher in the bullion market during the past week on fresh buying by stockists amid a firming global trend.
New Delhi: Both the precious metals, gold and silver ended higher in the bullion market during the past week on fresh buying by stockists amid a firming global trend.
Traders said fresh buying by stockists to meet the coming festival and marriage season amid a firming global trend mainly helped both gold and silver prices to close higher.
In the national capital, gold of 99.9 and 99.5 percent purity commenced lower at Rs 31,100 and Rs 30,900 per 10 grams on lack of buying support and fell further to Rs 30,950 and Rs 30,750 per 10 grams before ending at Rs 31,725 and Rs 31,525 per 10 grams, respectively, showing a moderate gain of Rs 300 each.
Sovereigns moved between gains and loses on alternate bouts of buying and selling and settle lower by Rs 100 to Rs 25,200 per piece of eight grams.
In volatile trade, silver ready ended higher by Rs 370 to Rs 54,300 per kg after dipping to 53,700 per kg.
Silver weekly-based delivery gained Rs 1500 to Rs 54,930 per kg, after touching a high of Rs 57,230 and low of Rs 53,200 during the week.
Silver coins after moving between gains and losses and settled at last level of Rs 88,000 for buying and Rs 89,000 for selling of Rs 100 pieces.