Comments
Gold prices rebounded after a brief overnight fall at the domestic bullion market on Wednesday on better consumer off—take supported by wedding seasonal demand.
In contrast, the industrial metal eased on the back of subdued stockists buying.
Standard gold (99.5 purity) firmed up by Rs 55 per 10 gm to finish at Rs 31,115 from Tuesday’s closing level of Rs 31,060.
Pure gold (99.9 purity) also went up by Rs 50 per 10 gm to end at Rs 31,240 as compared to Rs 31,190.
Silver ready (.999 fineness), however, lost Rs 30 per kg to settle at Rs 62,290 from Rs 62,320 yesterday.
Globally, gold traded firm amid expectations that the Federal Reserve will announce further stimulus measures at the end of its two—day policy meet later today.
In Europe, spot gold was bid higher at $1,713.12 an ounce in early trade and silver marginally up at $33.07 an ounce.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.