Gold prices on Friday increased by Rs. 305 to Rs. 32,690 per 10 gram in Delhi. Increased buying by local jewelers led to the rise in gold prices. Silver rates, meanwhile, rose by Rs. 204 to Rs. 38,450 per kg on more offtake by industrial units and coin makers. On Thursday, gold prices had declined by Rs. 405 to Rs. 32,385 per 10 grams and silver rates had decreased by Rs. 104 to Rs. 38,246 per kg.
Silver rates surged by Rs. 204 to Rs. 38,450 per kg, while weekly-based delivery rose Rs. 95 to Rs. 37,230 per kg. On the other hand, silver coins held flat at Rs. 80,000 for buying and Rs. 81,000 for selling of 100 pieces.
Sovereign gold advanced by Rs. 100 to Rs. 26,400 per eight gram.
The international bullion market, on the other hand, was closed on account of ‘Good Friday’. On Thursday, gold prices were held steady at four-month low as a stronger dollar offset concerns over global economic growth after the release of weak manufacturing data out of Europe.
The price of 24 carat gold in Kerala for 10-grams has reached Rs 31,500 and for 22 carat gold it is 29,350 rupees.