New Delhi: After posting this year’s biggest single-day rise of Rs 840 on Tuesday , gold prices on Wednesday regained the Rs 27,000 per ten gram level after a gap of over one month in the national capital, tracking rebounds in global markets.
The reasons are being attributed to a steady pick-up in domestic demand from jewellers and retailers for the wedding season. After losing Rs 730 in last six sessions after the RBI eased imports curbs by scrapping 80:20 scheme, gold staged a strong comeback by rising Rs 840 on Tuesday , and the opening on Wednesday indicating that the upward swing may continue for a while.
Silver also recorded a significant gain of Rs 2,700 to Rs 37,000 per kg on increased offtake by industrial units and coin makers. Sentiment bolstered after gold surged by 3.69 per cent, its biggest gain since September 19, to USD 1,218.10 an ounce in New York yesterday
In Delhi, gold of 99.9 and 99.5 per cent purity zoomed up by Rs 840 each to Rs 27,040 and Rs 26,840 per ten grams respectively.
Following gold, silver ready spurted by Rs 2,700 to Rs 37,000 per kg and weekly-based delivery by Rs 2,420 to Rs 36,340 per kg.
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