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BUSINESS
Trading sentiments turned bullish for the yellow metal after it advanced in the global markets, triggered by the unrest in West Asia and Japan's nuclear crisis boosting demand for precious metals as an alternate investment.
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Updated : Mar 18, 2018, 02:10 AM IST
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Both the precious metals, gold and silver, recovered sharply on the bullion market today, buoyed by a firm global trend. While gold rose by Rs180 to Rs21,050 per 10 grams, silver surged Rs950 to Rs52,950 per kg.
Trading sentiments turned bullish for the yellow metal after it advanced in the global markets, triggered by the unrest in West Asia and Japan's nuclear crisis boosting demand for precious metals as an alternate investment.
Gold in global markets, which normally sets a price trend on the domestic front, gained 0.6% to $1,412.80 and ounce and silver increased by 1.3% to $34.71 an ounce.
On the domestic front, prices of silver ready climbed by Rs950 to Rs52,950 per kg, while weekly-based delivery spurted by Rs885 to Rs52,675 per kg. Silver coins also rallied by Rs700 to Rs57,300 for buying and Rs57,800 for selling of 100 pieces.
In line with a firming trend, gold of 99.9 and 99.5% purity surged by Rs180 each to Rs21,050 and Rs20,930 per 10 grams, respectively. Sovereigns, too, traded higher by Rs100 to Rs17,400 per piece of eight grams.
