Gold Prices Edge Higher On Firm Global Trend

Gold prices on Saturday strengthened by Rs. 20 to Rs. 32,640 per 10 gram at the bullion market in the national capital amid firm trend overseas. Silver, however, lost Rs. 25 to Rs. 39,225 per kg on low demand from industrial units and coin makers. 

In Delhi, gold of 99.9 per cent and 99.5 per cent purity rose by Rs. 20 each to Rs. 32,640 and Rs.32,490 per 10 gram, respectively. Traders attributed the marginal gains in prices of the yellow metal to overseas firm trend. 

Sovereign gold held steady at Rs. 25,200 per piece of eight gram. Globally, gold edged higher to $1280.68 an ounce and silver stood at $15.34 an ounce in New York. Silver ready fell by Rs. 25 to Rs. 39,225 per kg, and weekly-based delivery surged by Rs. 55 to Rs. 38,706 per kg. Silver coins, however, held steady at Rs. 76,000 for buying and Rs. 77,000 for selling of 100 pieces. 

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