Gold Prices Jump To Reclaim 33,000 Rupee-Mark: 5 Things To Know

Gold prices surged by Rs 425 to Rs 33,215 per 10 grams on Monday due to increased buying by jewellers amid firm trend overseas, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver too rose by Rs 170 to Rs 38,670 per kg on increased offtake by industrial units and coin makers. Positive trend overseas and rise in demand from local jewellers led to upward movement in the prices of yellow metal, said the PTI report citing traders. 

Here are 5 things to know about gold, silver prices:

1. Globally, gold prices rose to a more-than-one-week peak on Monday as the dollar slipped after data showed US wage growth slowed last month, while investors awaited minutes of the US Federal Reserve's March meeting later this week, reported news agency Reuters.

2. Spot gold gained 0.4 per cent to $1,296.87 per ounce in intraday trade, after touching its highest since March 29 at $1,297.86 earlier in the session. US gold futures were also up 0.4 per cent at $1,301 an ounce.        

3. In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 425 to Rs 33,215 and Rs 33,045 per 10 gram, respectively. On Saturday, the yellow metal had closed higher at Rs 32,790 per 10 grams. 

4. However, sovereign gold held steady at Rs 26,400 per eight grams.    

5. Silver ready advanced by Rs 170 to Rs 38,670 per kg, while weekly-based delivery gained Rs 594 to Rs 37,753 per kg. On the other hand, silver coins held flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

(With agency inputs)