Bullion trend Today: MCX Gold And MCX Silver

Precious metals Trend today:

On Tuesday, MCX bullion market opened in green. the yellow metal was trading higher in the metro cities in the country. In Southern India, Chennai market, Standard gold (995 purity) increased by Rs 60 at Rs 30120 and pure gold (999 purity) was up Rs 60 at Rs 30240. 
In the eastern parts of the country Jaipur, market standard gold (995 purity) was up Rs 25 at Rs 30050 and pure gold (999 purity) was up Rs 25 at Rs 30075.
Gold prices remained steady today while the white metal bounced up by Rs. 200to Rs. 53500 per kg today. MCX Gold was trading at Rs. 32,200 per 10 grams.
Though the yellow metal was trading high today but its demand remained sluggish. The traders say the demand could be sluggish due the increase in the price of the gold. The gold prices crossing the Rs. 30,000 have led its sale down. buyers have now become reluctant in buying the precious yellow metal.
 Unlike the Gold, Silver has bounced back and have rose by Rs. 200. the demand of Silver is high among the buyers now.
According to the traders the rise in price for the white metal was due to the fresh buying by the stockists and jewellers for the fast approaching festive seasons.
In the international market, London, silver was up by 0.5% to USD 28.02 per ounce.
Back in the domestic market silver increased Rs. 200 to Rs. 53,500 per kilograms and the weekly based delivery by  Rs.100 to Rs. 53,370 per kilogram.