Gold Recovers On Firm Global Cues, Jewellers' Buying
New Delhi: Gold prices recovered from its six-month low by rising Rs 250 to Rs 29,250 per 10 grams at the bullion market on Saturday on positive global cues amid scattered buying by jewellers at domestic spot market.
Silver also regained the Rs 41,000-mark by rising Rs 150 per kg on increased offtake by industrial units and coin makers.
Traders said a firm global trend amid signs of political uncertainty ahead of an Italian referendum this weekend mainly led to a rise in the prices of precious metals here.
Globally, gold rose 0.47 per cent to $1,177.10 an ounce and silver by 1.46 per cent to $16.72 an ounce in New York in yesterday's trade.
In addition, scattered buying by jewellers to meet ongoing wedding season demand at domestic spot market supported the upmove, they said.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity shot up by Rs 250 each to Rs 29,250 and Rs 29,100 per 10 grams, respectively.
Sovereign, however, remained steady at Rs 24,400 per piece of eight grams in limited deals.
Silver ready advanced by Rs 150 to Rs 41,000 per kg and weekly-based delivery by Rs 275 to Rs 40,325 per kg.
On the other hand, silver coins were unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
