Gold recovers on jewellers’ demand

0
671

NEW DELHI, OCT 27: Snapping three-day losing streak, gold prices today increased Rs 40 to Rs 27,110 per 10 grams at the bullion market on emergence of buying by jewellers at prevailing levels.
Bullion traders said emergence of buying by jewellers at existing levels to meet wedding season demand attributed recovery in gold prices.
In the national capital, gold of 99.9 and 99.5 per cent purity edged up by Rs 40 each to Rs 27,110 and Rs 26,960 per ten gram, respectively. It had lost Rs 265 in last three days.
Sovereign, however, remained flat at Rs 22,400 per piece of eight gram.
Silver also settled marginally up by Rs 15 to Rs 37,125 per kg on increased offtake by industrial units and coin makers.
Silver coins remained unchanged at Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.

Also Read  Rupee marginally higher at 64.81 vs American Dollar