Gold up to Rs 19,155 on fresh buying

NEW DELHI: Gold prices firmed up by Rs 10 to Rs 19,155 per ten gram in the bullion market here on fresh buying by jewellers and stockists amid weak global trends.

Silver rose by Rs 65 to Rs 30,600 per kg. Trading sentiment gathered momentum on jewellers buying for the coming festival and marriage season even as gold in Asian region fell with investors offloading holdings after US Federal Reserve pledged to safeguard the economic recovery.

The metal in overseas markets, which normally set price trend on the domestic front, weakened by 0.3 per cent to 1,234.60 dollar an ounce.

Gold of 99.9 and 99.5 per cent purity rose by Rs 10 each to Rs 19,155 and Rs 19,055 per ten gram respectively. However, sovereign remained steady at Rs 14,900 per piece of eight gram in limited deals.

Silver ready rose by Rs 65 to Rs 30,600 per kg on emergence of industrial units and coin makers demand, while weekly-based delivery rose by Rs 110 to Rs 30,500 per kg on speculator’s support.

Meanwhile, silver coins continued to trade around previous level of Rs 34,800 for buying and Rs 34,900 for selling of 100 pieces.(PTI)

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