Contact Your Financial Adviser Money Making MC
25 January 2018
 |
Gold (The Total Investment
& Insurance Solutions)
Gold prices soared by Rs 350 to trade at over
14-month high of Rs 31,450 per 10 gram on Thursday, tracking a firm trend
overseas amid pick-up in buying by local jewellers. The Total Investment & Insurance
Solutions
Silver regained the Rs 41,000-mark by jumping
Rs 1,100 on increased offtake by industrial units and coin makers. The Total Investment & Insurance
Solutions
Bullion traders attributed the rally in gold
to a firm trend overseas as the dollar weakened to near three-year lows in the
wake of comments by US Treasury secretary Steven Mnuchin that he welcomed a
weaker currency, raising demand for the precious metal as a safe haven. The Total Investment & Insurance
Solutions
Besides, an uptick in seasonal buying by
local jewellers firmed up the prices, they added. The Total Investment & Insurance
Solutions
Globally, gold ruled firm as it rose 0.43
percent to trade at nearly 1-1/2 year high of USD 1,363.60 an ounce in
Singapore. Silver also rose by 0.29 percent to USD 17.58 an ounce. The Total Investment & Insurance
Solutions
In the national capital, gold of 99.9 percent
and 99.5 percent purity shot up by Rs 350 each to Rs 31,450 and Rs 31,300 per
ten gram, respectively, a level last seen on November 9, 2016. It had gained Rs
25 in yesterday's trade.
Sovereign however held steady at Rs 24,800
per piece of eight gram.
Tracking gold, silver ready jumped Rs 1,100
to Rs 41,000 per kg and weekly-based delivery Rs 1,190 to Rs 40,130 per kg.
Silver coins however remained steady at Rs
74,000 for buying and Rs 75,000 for selling of 100 pieces.The Total Investment & Insurance Solutions
No comments:
Post a Comment