Gold continues to stoke appetite, moves up INR 150
Published on March 21, 2017

New Delhi, Mar 20 (PTI) Gold remained in a sweet spot for the second day on Monday as the price rose another INR 150 to INR 29,150 per 10 grams, making the most of a global uptrend and local jewellers' penchant for the yellow metal.

Silver played out similarly, higher by INR 200 at INR 41,200 per kg, on increased offtake by industrial units and coin makers.

Traders said a firming trend overseas amid weakening of the dollar following the dovish outlook by the US Fed took the precious metal higher. Persistent buying by local jewellers added to the shine.

Globally, gold rose 0.46 per cent to USD 1,234.40 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity surged by INR 150 each to INR 29,150 and INR 29,000 per 10 grams, respectively. It had gained INR 50 on Saturday.

Sovereign, however, turned weak and fell by INR 100 to INR 24,300 per piece of eight grams.

In line with gold, silver ready moved up by INR 200 to INR 41,200 per kg while weekly-based delivery fell by INR 710 to INR 40,200 per kg.

Silver coins, however, remained unchanged at INR 70,000 for buying and INR 71,000 for selling of 100 pieces.

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