Kumari Palany & Co

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Gold rate upticks

Posted on: 29/Mar/2017 4:42:11 PM
The gold rate has increased by Rs 200 and reached Rs 29,550 per 10 grams in the bullion market. This is due to the increase in gold purchase by local jewelers owing to Navaratras, whereas the metal sees a dip in overseas.
 
Silver has also got a price hike by Rs 50 and reached Rs 42,250 per kg, the reason being surge in offtake by coin makers and industries.
 
The local jewelers are buying more gold to cater to the demand during ongoing auspicious Navratras. The rate of 99.9 percent and 99.5 percent pure gold have increased by Rs 200 and raised from Rs 29,550 and R s 29,400 per 10 grams respectively. On Tuesday, the price was low by Rs 80. Per 8 grams, sovereign rates also increased by Rs 100 and reached Rs 24,500.
 
There was Rs 50 increase in silver rate and reached Rs 42,250 per kg. However, there is no change with the rate of silver coin and sold for Rs 71,000 while in purchase and Rs 72,000 for selling of 100 pieces.