Gold on Wednesday soar by Rs 555 at Rs 32,030 per 10 gram at the bullion market, pushed by positive trends in global markets amid fresh buying by local jewellers. Silver too surged past the Rs 39,000-per kg mark on increased offtake by industrial units and coin makers.
According to traders, markets sentiment turned positive on global cues, as demand picked up. Buyers’ demand for gold increased after the US and Canada reached an agreement to salvage a North American free trade deal. The rupee falling to life-time low of 73.41 against the dollar in intra-day that made imports costlier too pushed gold prices, they added.
In the global market, gold firmed up 0.32 per cent to $1,207.60 an ounce in Singapore.
In Delhi, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 555 each to Rs 32,030 and Rs 31,880 per 10 gram, respectively. On Monday the precious metal had lost Rs 150, while on Tuesday, the market remained closed on account of Gandhi Jayanti. Sovereign rose in sympathy by Rs 100 at Rs 24,600 per piece of eight gram.
Silver ready rose by Rs 450 to Rs 39,400 per kg and weekly-based delivery rose by Rs 460 to Rs 38,980 per kg. Silver coins, however, remained constant at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.
(With inputs from agencies)