Gold rises Rs 75, silver Rs 225 on wedding season demand

Gold rises Rs 75, silver Rs 225 on wedding season demand New Delhi: Gold rose by Rs 75 to Rs 30,200 per 10 grams, while silver gained Rs 225 to Rs 53,125 per kg in the bullion market here Monday on wedding season buying by retailers.

Silver coins followed suit and shot up by Rs 3,000 to Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.

Traders said besides increased offtake by jewellers, both precious metals improved on some buying by investors who shifted their money from easing equities to the bullion.

The gold of 99.9 and 99.5 percent purity rose by Rs 75 each to Rs 30,200 and Rs 30,000 per 10 grams, respectively.

Sovereign followed suit and edged up by Rs 50 to Rs 24,450 per piece of eight grams.

Similarly, silver ready moved up by Rs 225 to Rs 53,125 per kg and weekly-based delivery by Rs 100 to Rs 52,150 per kg.

PTI