Globally, gold rose 0.12% to $1,292.20 an ounce in Singapore. Photo: MintNew Delhi: Gold rallied by Rs120 to Rs32,000 per ten gram on increased buying by local jewellers amid strong overseas trend. Traders said increased buying by local jewellers to meet retailers’ demand at domestic spot market and a depreciating rupee against the dollar, making gold import costlier, supported the uptrend. Globally, gold rose 0.12% to $1,292.20 an ounce in Singapore. In step with gold, silver ready advanced by Rs300 to Rs41,400 and weekly-based delivery by Rs175 to Rs40,480 per kg.

Source: Mint May 23, 2018 09:56 UTC