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Gold prices go up only slightly, buying saves the day

18in goldThe recovery in gold prices remained a subdued affair as the metal inched up ₹50 to ₹ 29,000 per 10 grams on Saturday in the wake of a firm trend overseas amid fresh buying by local jewellers.

However, silver stayed put at ₹ 41,000 per kg in scattered deals from industrial units and coin makers.

Traders said local jewellers stepped up buying, with global prices giving more legs to the recovery.

Globally, gold rose by 0.24 per cent to $1,228.80 an ounce and silver by 0.46 per cent to $17.37 an ounce in New York on Friday

In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by ₹s 50 each to Rs 29,000 and₹28,850 per 10 grams, respectively. It had lost Rs 150 yesterday.

Sovereign also went up by ₹ 100 to ₹ 24,400 per piece of eight grams.

On the other hand, silver ready ruled flat at Rs 41,000 per kg while weekly—based delivery rebounded by₹165 to ₹ 40,910 per kg on speculative buying.

Silver coins, however, maintained steady at ₹ 70,000 for buy and ₹ 71,000 for sale of 100 pieces.

Gold prices go up only slightly, buying saves the day Reviewed by on . The recovery in gold prices remained a subdued affair as the metal inched up ₹50 to ₹ 29,000 per 10 grams on Saturday in the wake of a firm trend overseas amid The recovery in gold prices remained a subdued affair as the metal inched up ₹50 to ₹ 29,000 per 10 grams on Saturday in the wake of a firm trend overseas amid Rating: 0
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