Gold price up 3.5% as rupee weakens
Wednesday, September 26, 2018, 10:47 AM
The slump in the rupee has pushed up the domestic price of gold by 3.5% in the past one month, leading to a slowdown in festive season demand as consumers postpone buying decisions. On Tuesday, the domestic price of gold was hovering around Rs 31,850 per 10 gm.
Gold glitters on jewellers buying, silver tops Rs 39,000-mark
Saturday, August 11, 2018, 2:51 PM
Gold-prices rebounded by Rs-180 to Rs-30,700 per 10-grams at the bullion-market today on emergence of brisk buying by local-jewellers even as the metal weakened overseas. Silver also recaptured the Rs 39,000-mark per kg by gaining Rs-105 due to increased offtake by industrial-units and coin-makers. Traders said increased buying by local jewellers to meet festive season demand at domestic-spot-market led to the recovery in gold-prices.