Globally, gold rose by Rs 100 to Rs 38,670 per 10 grams on Saturday and silver by Rs 200 to Rs 47,300 per kg in the bullion market due to the rise in both precious metals on weekends. According to information received from London and New York, the gold spot on Friday on the weekend rose by $ 19.80 to $ 1,517.10 an ounce.
December gold futures in December also increased by $ 18.20 to $ 1,524.40 an ounce. Its impact was visible on the local market today. Market analysts said that given the ongoing tensions between Iran and the US in West Asia, investors have turned to the yellow metal considered a safe investment. Silver spot in the international market also rose by $ 0.80 to $ 17.96 an ounce.
Gold rose for the second consecutive day in the local market. Gold Standard gained Rs 100 to Rs 38,670 per ten gram. Sona Bitur also reached the same level of strength at Rs 38,500 per ten grams. Sovereign held steady at Rs 30,000 for eight grams. Silver prices have increased for the third consecutive day.Silver spot shone by Rs 200 to Rs 47,300 per kg. Silver futures slipped by Rs 65 to Rs 46,465 per kg. Coin buying and selling remained stable at Rs 940 and Rs 950 per unit, respectively, on the previous day. Today the prices of both precious metals are as follows: – Gold Standard per 10 grams: Rs 38,670 Gold Bitur per 10 grams: Rs 38,500 Silver Spot per kg: Rs 47,300 Silver futures per kg: Rs 46,465 Coin buying per unit: Rs 940 Coin selling Per unit: Rs 950 Sovereign per eight gram: Rs 30,000.