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Gold prices up on local demand, global gains

Gold prices advanced by Rs30 to Rs 30,650 per 10 grams at the bullion market on Friday following a firm trend overseas along with increased buying by local jewellers. Silver prices also gained Rs120 to Rs39,800 per kg due to pick up in demand from industrial units and coin makers.Traders said sentiment remained firm on the back of positive global cues as the weakness in dollar boosted demand for the precious metals as a safe haven. Globally, gold rate rose 0.54% to $1,329.10 an ounce and silver by 0.77% to $17.09 an ounce in Singapore.
Source: Latest News

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