Gold Price Surge On Increased Demand From Local Jewellers

In Friday's trade, the precious yellow metal gold after having remained unmoved in the previous session has surged in price by as much as Rs. 305 in the National Capital region to 305 to Rs 32,690 per 10 gram. The surge in price has come on the back of increased demand from local jewelers as per the the All India Sarafa Association.

In line silver prices also increased to Rs 38,450, with an increase of Rs. 2014 per kg due to increased offtake by coin makers and industrial units.

Trades indicated that demand from the local jewellers and retailers turned overall sentiment positive

In the national capital, gold of 99.9 per cent and 99.5 per cent purities gained by Rs 305 each to Rs 32,690 and Rs 32,530 per 10 gram, respectively.

Internationally, the bullion markets were closed for Good Friday.

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