Mumbai:- Gold maintained its rising trend at the domestic bullion market here today due to consistent buying support from jewellers and retail consumers amid positive global cues.
Silver too attracted increased buying support from industrial units.
Standard gold (99.5 purity) rose by Rs 150 to end at Rs 29,990 per 10 grams against Tuesday’s closing level of Rs 29,840.
Pure gold (99.9 purity) also added a similar margin to settle at Rs 30,140 per 10 grams from Rs 29,990 earlier.
Silver (.999 fineness) rose by Rs 145 to finish at Rs 43,065 per kg against Rs 42,920 yesterday.
Globally, gold rose as the dollar weakened and Treasury yields ticked lower amid uncertainty around the timing of a US rate increase.
Spot gold gained 0.6 percent to USD 1,270.11 an ounce in early European trade.
US gold futures rose USD 9 to USD 1,271.80 an ounce.
Spot silver rose 0.6 percent to USD 17.66 an ounce.
PTI
