Gold and Silver Report

Bullion Updates: Gold and Silver trading high

Tuesday turned out to be a positive day for the bullion traders. After the three consecutive days of losses on the demand for the yellow metal, gold recovered on Tuesday with a high jump of Rs. 165 and was trading at Rs.29,770 per 10 grams.

The white metal too climbed up by Rs. 100 to Rs. 52500 per kilogram. The demand increased for both the precious metal as the wedding season started approaching. As the festive season started approaching, it supported the demand for Gold and Silver among the buyers. The demand also rose after the precious metal rose in the International market. In London the Gold climbed around 0.3% an ounce and reached to $1594.30 and Silver was high 0.7% or was at a level of $ 27.51 an ounce.

However in the domestic market, the gold recovered its last three consecutive losses of Rs. 115 and gained Rs. 165. Gold 99.9%  purity was at Rs. 29,770 and Gold of 99.5% purity was at Rs. 29,570.

The white metal rose to Rs. 100 to Rs. 52,500. The weekly based delivery of Silver metal was also trading up by Rs. 280 and was trading at Rs. 52,870 per kg.