NEW DELHI: Tracking strong global cues, gold prices on Monday gained Rs 90 to settle the day at Rs 12,000 per 10 gram in the bullion market on
weakening dollar and marriage season demand.
Marketmen said apart from firm global markets, fresh buying by stockists and jewellery fabricators to meet ongoing marriage season demand influenced the trading sentiments.
The precious metal also gained on the back of weakening dollar against major currencies.
Standard gold and ornaments rose by Rs 90 each at Rs 12,000 and Rs 11,850 per ten gram respectively, while sovereign held steady at Rs 10,400 per piece of eight gram.
Meanwhile, gold in London gold gained 7.58 dollar to 739.28 dollar an ounce. However, silver lacked necessary buying support and declined.
Silver ready dropped by Rs 200 to Rs 16,875 per kg and weekly-based delivery by Rs 217 to Rs 16,758 per kg due to subdued demand. Its coins also lost Rs 100 at Rs 26,400 for buying and Rs 26,500 for selling of 100 pieces.
