New Delhi: Gold prices surged by Rs230 to trade at six-week high of Rs29,450 per ten grams at the bullion market on Thursday, taking positive leads from global markets amid increased buying by local jewellers. Silver reclaimed the Rs39,000-mark by surging Rs535 to Rs39,375 per kg on increased offtake by industrial units and coin makers. In addition, increased buying by local jewellers to meet retailers’ demand at domestic spot markets also supported the upmove in gold, they said. Tracking gold, silver ready jumped up by Rs535 to Rs39,375 per kg and weekly-based delivery by Rs610 to Rs38,520 per kg. On the other hand, silver coins maintained a steady trend at Rs71,000 for buying and Rs72,000 for selling of 100 pieces.

Source: Mint July 27, 2017 09:56 UTC