Gold prices gain ₹30 to ₹32\,850 per 10 gm\, silver slides

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Gold prices gain ₹30 to ₹32,850 per 10 gm, silver slides

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Traders said despite weak overseas trends, gold prices saw an upward movement due to rise in domestic demand.

Gold prices on Tuesday rose by ₹30 to ₹32,850 per 10 gram in New Delhi on the back of demand from jewellers, according to the All India Sarafa Association.

Silver, however, declined by ₹180 to ₹38,400 per kg on reduced offtake by industrial units and coin makers.

Traders said despite weak overseas trends, gold prices saw an upward movement due to rise in domestic demand.

In the international market, gold was trading lower at $1,287.02 an ounce and silver at $15.06 an ounce in New York.

In the national capital, gold of 99.9% purity rose by ₹30 to ₹32,850 per 10 grams while gold of 99.5% purity increased by ₹50 to ₹32,700 per 10 grams.

Sovereign gold, however, remained unchanged at ₹26,400 per eight gram.

Silver ready fell by ₹180 to ₹38,400 per kg and weekly-based delivery held almost steady at ₹37,448 per kg.

Silver coins were unchanged at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.

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