For Quick Alerts
For Daily Alerts

    Gold Recovers on Wedding Season Demand; Global Cues

    By Super

    New Delhi, Feb 13 (PTI) After falling for two days, gold prices recovered by Rs 40 to Rs 27,670 per ten gram at the bullion market today largely supported by wedding season buying from jewellers and retailers amid a firm global trend.

    Silver also rebounded by Rs 450 to Rs 38,100 per kg on increased offtake by industrial units and coin makers. Check gold rates in various cities here.

    Gold Recovers on Wedding Season Demand; Global Cues

    Bullion merchants said besides increased buying by jewellers and retailers, triggered by wedding season, a firm global trend as falling retail sales in the US cast doubt on the pace of growth in the world’s largest economy, boosting demand for a safe haven, mainly led to a rise in gold prices here.

    Gold in Singapore, which normally determine price trend on the domestic front, advanced 0.8 per cent to USD 1,231.26 an ounce and silver gained 0.9 per cent to USD 17.00 an ounce.

    In the national capital, gold of 99.9 and 99.5 per cent purity recovered by Rs 40 each to Rs 27,670 and Rs 27,470 per ten gram respectively. The metal had lost Rs 250 in the previous two sessions.

    Sovereign moved up by Rs 50 to Rs 23,800 per piece of eight gram. In line with overall trend, silver ready rebounded by Rs 450 to Rs 38,100 per kg and weekly-based delivery by Rs 460 to Rs 37,640 per kg.

    Silver coins, however, traded at last level of Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces. 


    Read more about: gold silver
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more