Scattered buying by stockists and jewellery fabricators for the marriage season and reports of firming global trends boosted gold prices Gold prices today rose marginally by Rs15, snapping their three-day losing streak in the bullion market on fresh buying by stockists and jewellery fabricators, reports PTI. Standard gold and ornaments recovered by Rs15 each to Rs17,025 per 10 gram and Rs16,875 per 10 gram, respectively. Sovereign closed flat at Rs14,050 per piece of 8 gram. Silver, however, dropped by Rs50 to Rs28,050 per kg on poor industrial demand. Market analysts said that scattered buying by stockists and jewellery fabricators for the marriage season and reports of firming global trends boosted gold prices. In the global market, which normally sets the price trend on the domestic front, gold rose by $4 to $1,158.80 an ounce in New York, last evening. Silver ready dropped by Rs50 to Rs28,050 per kg and weekly-based delivery shed Rs5 at Rs27,865 per kg. Silver coins continued to trade around the previous level of Rs33,600 for buying and Rs33,700 for selling of 100 pieces.

Source