Gold Prices Mounts By 20 Rupees, Silver Slides By Rupees 25

| December 29 , 2018 , 18:47 IST

Gold prices rose by Rs 20 to Rs 32,640 per 10 gram and silver lost by Rs. 25 to Rs. 39,225 per kg on low demand from industrial units and coin makers, on Saturday.

In Delhi, gold of 99.9 percent and 99.5 percent 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.

ALSO READ: Gold Prices May Decline To Touch Rs 20,500 This Year

Silver coins, however, held steady at Rs. 76,000 for buying and Rs. 77,000 for selling of 100 pieces.

Earlier, Gold prices rose by Rs 170 to Rs 32,620 per 10 gram (gm) at the bullion market in New Delhi on Friday.

On account of higher demand from local jewelers and a strong trend overseas. Silver prices also rose Rs 600 to Rs 39,250 per kg, on fresh buying by industrial units and coin makers.