Gold prices rise on strong global cues, jewellers' buying



New Delhi, Feb 12: Gold prices advanced by Rs 50 to Rs 31,250 per 10 grams today in tandem with a firm trend overseas along with sustained wedding season buying by local jewellers. 

Silver also recovered by Rs 150 to Rs 39,200 per kg on increased offtake by industrial units and coin makers. 

Traders said, positive global cues as the dollar eased after last week's rally and investors waited for more data on the US inflation amid expectations of rising interest rates, mainly buoyed sentiment here. 

Globally, gold rose 0.48 per cent to USD 1,322 an ounce and silver by 0.58 per cent to USD 16.43 an ounce in Singapore.

Besides, persistent buying by local jewellers to meet wedding season demand at the domestic spot market, fuelled the uptrend, they said.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity added Rs 50 each to Rs 31,250 and Rs 31,100 per 10 grams, respectively. The precious metal had gained Rs 250 in last two days. 

Sovereign, however, remained flat at Rs 24,800 per piece of eight grams. 

Silver ready recovered by Rs 150 to Rs 39,200 per kg and weekly-based delivery edged up by Rs 40 to Rs 37,990 per kg. 

Related news

Don’t Miss

Tiger Shroff dreams of being Indian Rambo..watch video
Breaking: Shocking..Interest on your PF money REDUCED to 8.55%
Amarinder tells Canada to stop supporting Khalistan,hand over militants
Breaking: Pak military chopper comes near LoC..Army on alert
PNB Scam: These code words were used by Nirav, Choksi and bank employees
Jai ho..Kohli will break this world record today..Don't miss
Sensex recovers 141 pts, snaps 3-day downtrend
Tiger Shroff, Disha Patani surprise fans.. Watch trailer
This Indian prime minister took a loan of Rs 5000 from PNB to buy a car
Priyanka Chopra's hot reply to haters!
See Canadian PM's beautiful family offering 'Sewa' at Golden temple
Medical reports confirm injuries on and near Chief Secretary Anshu Prakash's face
AAP MLA Amanatullah Khan arrested, to be produced before Tis Hazari court
"Potential, policy, planning, performance lead to progress," PM Modi in UP
"Potential, policy, planning, performance lead to progress," PM Modi in UP Summit
BIG chance for 12th pass in Air India
Very good news for Priya Prakash Varrier
Supreme Court comes forward to save internet sensation Priya Varrier
JustinTrudeau along with his wife and children arrives at Amritsar's Golden Temple
Jio Jadu in Uttar Pradesh, Mukesh Ambani makes BIG announcements
Greatness can come from the simplest of houses and this is one of them, says Kamal
Kamal Haasan is all set to take political plunge, launch party today
Delhi Chief Secretary row: AAP MLA arrested
Trump Junior Salutes Modi..India better than China for business
How Kejriwal MLAs allegedly hit Delhi Chief Secretary..Watch Video
Kamal Haasan to launch party tomorrow, Kejriwal will be there
Govt blames RBI, auditors, PNB management for scam
Shah defends PM,praises Govt action on scam..CBI grills 10 PNB officers
Mama Choksi to close Gitanjali Gems? Employees asked to leave
New DON of world cricket..Kohli set to break this Bradman record