Gold Prices Experienced a Jump of Rs 680 in Three Sessions: Some of the Facts to be known about the Same
Gold Prices have been speculated to experience a sudden increase in its prices by a margin of Rs 680.
In Delhi, the gold varying with 99.9 % and 99.5 % purities jumped by Rs 230 each to Rs 34,530 per grams, respectively. Gold prices rose from Rs 230- Rs 34,680 per 10 grams at the market in the national capital on firm trend overseas reported news agency Press of India (PTI) quoting the All India Sarafa Association. Besides, the silver prices rose by Rs 1oo-Rs 41,350 per kg, supported by increased offtake by industrial units. Firm trend overseas has greatly influenced the sentiments in the domestic market leading to advancement in India’s most precious metal which is gold said a trader citing report.
Some of the Key Facts to be known about the gold and silver prices:
1. In Delhi, the gold prices jumped from Rs 230 to Rs 34,680 and Rs 34,530 for per 10 grams of gold with a purity evaluation of 99.9 % and 99.5 %, respectively.
2. However, subdued demand of the local jewelers capped the gains in the gold prices said the bullion traders.
3. Supreme gold, on the other hand, continued to rule flat at Rs 26,400 per piece of 8 grams.
4. On a global scale the gold prices hovered near 10-months highs on Tuesday as optimism around the US-China Trade, discussions dimmed the dollar’s appeal, while palladium struck a record high on the supply concerns reported news agency Reuters.
5. Spot gold was little changed at $1,326.48 per ounce in intraday trade.The metal had touched $1,327.64 an ounce in the previous session, its highest since April 25. US gold futures rose 0.5 percent to $ 1,329 an ounce.
6. Silver ready advanced by Rs 100 – Rs 41,350 per kg and weekly-based delivery climbed Rs 215-Rs 40,177 per kg.
7. Silver coins were also in good demand and were traded high by Rs 1,000 at Rs 82,000 for buying and Rs 83,000 for selling of 100 gold coin pieces.
8. On Monday, the Delhi treasure market remained closed in the wake of a terror attack on the Central Reserve Police Force (CRPF) personnel.
9. Meanwhile, the trade deficit widened to $ 14.73 billion in January compared to $13.08 billion in the previous month.
10. The gold import in January rose by a percentage of 38.16 year-on-year to $2.31 billion.