Buying by jewellers, global trends boost gold prices

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 Buying by jewellers, global trends boost gold pricesA boost for gold was experienced on Tuesday, as the yellow metal price in India’s capital rose Rs 45 to Rs 25,650 per 10 grams at the bullion market, as per reports. The rise followed a firm global trend and jewellers indulging in fresh buying in the domestic spot market, reports say. Gold of 99.9 percent was up by Rs 45 each to Rs 25,650 and that of 99.5 percent purity also rose Rs 45 to Rs 25,500 per 10 grams, respectively. Sovereign gold but remained at the previous level of Rs 22,200 per piece of 8 grams.

In Singapore, gold was up 0.5 percent to $1,074.39 an ounce.

Silver did not see much improvement as silver ready dropped Rs 330 to Rs 33,650 per kg and weekly-based delivery by Rs 305 to Rs 33,745 per kg, reports say.



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