Gold prices firm up amid rising Iran-Israel tensions
Gold futures, maturing on June 5, 2024, stood at Rs 72,813 per 10 grams on the MCX, up Rs 536 or 0.74 per cent from the previous day’s close of Rs 72,277.
Silver recaptured the Rs.44,000-mark with prices rising by Rs.200 on increased offtake by domestic industries while gold held steady at the bullion market on Thursday.
Gold remained flat at Rs.30,000 per 10 grams in scattered deals even as it weakened overseas while silver rose to Rs.44,050 per kg.
Traders attributed the rise in silver prices to pick up in demand from industrial units at the domestic spot market.
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Globally, gold fell 0.24 per cent to USD 1,246 an ounce and silver 0.05 per cent to USD 18.38 in Singapore.
In the national capital, silver ready shot up by Rs.200 to Rs.44,050 per kg while weekly-based delivery rose by Rs.170 to Rs.43,320 per kg.
Silver coins, however, continued to be at the previous level of Rs.74,000 for buying and Rs.75,000 for selling of 100 pieces.
On the other hand, gold of 99.9 per cent and 99.5 per cent purity held steady at Rs.30,000 and Rs.29,850 per 10 grams, respectively. It had lost Rs.150 on Wednesday.
Sovereign, however, remained unchanged at Rs.24,500 per piece of eight grams.
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