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       Gold climbs by Rs. 55 on positive global leads
 
         Posted on :15:59:43 May 15, 2017
   
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       Last edited on:15:59:43 May 15, 2017
         Tags: Gold climbs up Rs. 55 on positive global lead
 

NEW DELHI: Gold racked up gains on a bout of risk aversion as it climbed for the third straight day by gaining Rs. 55 to Rs. 28,630 per 10 grams Monday, reflecting a firm overseas trend amid local buying push.

However, silver came down by Rs. 100 to Rs. 38,500 per kg due to lower off take.

Sustained buying by local jewellers at the domestic spot market mainly kept gold prices elevated, bullion traders said.

Globally, gold rose 0.32 per cent to USD 1,231.60 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up further by Rs. 55 each to Rs. 28,630 and Rs. 28,480 per 10 grams, respectively. The precious metal had gone up Rs. 175 over the previous two days.

Sovereign also firmed up by Rs. 100 at Rs. 24,400 per piece of eight grams.

On the other hand, silver ready softened by Rs. 100 to Rs. 38,500 per kg while weekly-based delivery surged by Rs. 295 to Rs. 38,450 per kg on speculative buying.

Meanwhile, silver coins remained flat at Rs. 69,000 for buying and Rs. 70,000 for selling of 100 pieces.

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