Globally, gold prices rose by 0.09% to $1,278 an ounce. Silver also recaptured the Rs40,000-mark by rising Rs570 to trade at Rs40,070 per kg, backed by increased offtake by industrial units and coin makers. Increased buying by local jewellers to meet rising demand at the domestic spot market also kept gold prices elevated. Globally, gold rose by 0.09% to $1,278 an ounce and silver by 0.44% to $16.99 in Singapore. In sync with gold, silver ready prices surged by Rs570 to Rs40,070 per kg and weekly-based delivery by Rs1,195 to Rs38,990 per kg.

Source: Mint August 10, 2017 11:03 UTC