PTI: Gold rises by Rs 90 on fresh buying, firm global cues
Snapping a two-day losing streak, gold prices rose by Rs 90 to Rs 14,570 per 10 gram in the bullion market here on emergence of buying
by stockists and jewellers to meet the current marriage season demand amid firming global trends.
Marketmen said fresh buying by stockists and jewellery fabricators to meet the current marriage season demand and reports of a firming trend in overseas markets mainly led to the rise in gold prices.
Gold traded 0.9% higher to 894.70 dollar an ounce in the Asian region.
Standard gold and ornaments recovered by Rs 90 each to Rs 14,570 and Rs 14,420 per 10 gram respectively, but sovereign remained steady at Rs 12,350 per piece of 8 gram.
In a similar fashion, silver ready spurted by Rs 200 to Rs 21,300 per kg and weekly-based delivery by Rs 150 to Rs 20,900 per kg, respectively.
However, silver coins continued to be asked around previous level at Rs 28,200 for buying and Rs 28,300 for selling of 100 pieces.