NEW DELHI: The Samvat year 2066 opened on a cheerful note with gold prices rising by Rs 50 to Rs 16,070 per ten gram on the bullion market here How to invest in goldFew tips to buy goldIs gold fund for you? Gold & silver jewellery today as stockists started their new accounts in the special trading session.
Traders, who made token transactions on the first day of the Samvat year after performing puja, mainly supported the precious metal to end with gains.
Retailers purchasing on the occasion, considered to be an auspicious day for making new purchases, aided the uptrend amid reports of a firming-up trend in international markets.
Gold in the global markets gained USD 2.20 to USD 1,052.80 an ounce and silver added 0.08 cents to USD 17.42 an ounce.
Standard gold and ornaments traded Rs 50 higher at Rs 16,070 and Rs 15,920 per ten gram respectively, while sovereign held unchanged at Rs 12,950 per piece of eight gram.
Silver ready closed Rs 25 higher at Rs 26,925 per kg on increased offtake by industrial units and silver coin makers to meet the current festive season demand. People use silver for special prayers and as gifts.
Also Read → Yellow metal sparkles, but price correction seen imminent → Gold buyers pause after festival shopping → Festival demand keeps gold sales up despite high prices → Gold prices dip on Dhanteras as demand falls
Silver weekly-based delivery shot up by Rs 175 to Rs 26,900 per kg. Silver coins were up by Rs 100 at Rs 32,900 for buying and Rs 33,000 for selling of 100 pieces.
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