Gold in the bullion market today gained in price by Rs. 140 to Rs. 31,500 per 10 gram due to strong global cues as well as increased demand in the local market.
Much of the increase in gold price is attributed to dollar weakness which once again increased appeal of the yellow metal as a safe-haven amid different geo-political and economic crisis situation.
On similar lines, silver also gained in price by Rs. 320 to Rs 39,530 per kg due to increased offtake by industrial units and coin makers.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity increased in price by Rs. 140 for each to Rs 31,500 and Rs 31,350 per 10 grams respectively.
In the international markets, gold increased to USD 1,322.60 an ounce with a surge of 0.43% in New York yesterday.
With Inputs From PTI