Zee Media Bureau
New Delhi: Gold prices on Monday continued to move higher by Rs 300 to trade at Rs 27,400 per ten grams here on increased demand amid firming global trends.
Silver also snapped its six-day falling trend and recovered by Rs 500 to Rs 45,800 per kg on increased offtake by industrial units and coin makers.
Sentiment bolstered as stockists and retailers purchased gold at existing lower levels due to the prevailing marriage season, after the recent steep fall.
Firming trend at the futures market, as speculators indulged in covering their short position in the recent bear phase, was another reason behind the upsurge.
Here are the closing rates of gold and silver in Delhi bullion market:
(Gold per 10 grams/ Silver per Kg)
Gold 24 carat (99.9): Rs 27,400; Change: + Rs 300
Gold 24 carat (99.5): Rs 27,200; Change: + RS 300
Gold Sovereign (per piece of 8 grams): Rs 24,100; Change: + Rs 100
Silver ready: Rs 45,800; Change: - Rs 500
Silver weekly-based delivery: Rs 43,670; Change: + Rs 370
Silver coins/ per 100 pieces (Buying): Rs 76,000; Change: + Rs 1,000
Silver coins/ per 100 pieces (Selling): Rs 77,000; Change: + Rs 1,000
With PTI Inputs