Gold prices climb up on wedding season demand

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gold_priceGold has increased by Rs 315 to Rs 27,565 per 10 grams at the bullion market, tracking a firm global trend with jewellers buying to meet the wedding season demand in the country.

To keep gold company, silver has also has shot up by Rs 700 per kg to Rs 38,500 on increased offtake by industrial units and coin makers.

Bullion traders say the rise in gold prices was due to a firm global trend where the precious metal held the biggest climb in a week.

Besides, the increased buying by jewellers to meet the wedding season has also supported the upside in the two metals, they said.

In the national capital, gold of 99.9 per cent purity and 99.5 per cent purity flared up by as much as Rs 315 per 10 gm to Rs 27,565 and Rs 27,415, respectively, a level which last was seen on February 14.

Following the surge by gold and silver by Rs 700 to Rs 38,500 per kg and weekly-based delivery by Rs 625 to Rs 38,365 per kg, silver coins also increased by Rs 1,000 to Rs 57,000 for buying and Rs 58,000 for 100 pieces.

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