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Thursday, 15 March 2018

Gold in dollar weakness, price reached Rs 31515 per ten grams | Live Commodity Tips


Gold in dollar weakness, price reached Rs 31515 per ten grams


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Increased purchasing by strong global trend and local jewelers strengthened gold prices. On Wednesday, gold rose by Rs 65 to Rs 31,515 per ten grams. Silver also rose by Rs 60 to Rs 39,560 per kilogram. The main reason for the rise in silver is the increasing demand for industrial units and coin makers.

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Given these reasons, gold traders said that with weakness in the dollar, there is trends in the strength of gold in the global market, which has an impact on the Indian market too.
Gold in the global market rose 0.11 percent to reach $ 1,327.30 an ounce. Silver rose 0.21 per cent to $ 16.59 an ounce. He said that besides the increase of local jewelers in the domestic spot market, the trend of strengthening also showed.  

In the national capital, gold of 99.9 and 99.5 per cent purity rose by Rs 65 to Rs 31515 and Rs 31365 per ten gram respectively. Prices of Guinea (8 grams) remained steady at Rs 24 thousand.
On the other hand, silver continued to rise further by Rs 60 to Rs 39560 per kg. On the other hand, weekly-based delivery moved up by Rs 125 to Rs 39,000 per kg.

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