Phenomenal hike in gold rates from Monday morning : Check it out

New Delhi : Gold prices Monday rose by Rs 75 to Rs 33,195 per 10 gram in the national capital on fresh buying by jewellers amid firm global trends, according to the All India Sarafa Association.

Silver, however, declined by Rs 80 to Rs 37,500 per kg on reduced offtake by industrial units and coin makers.

The precious metal strengthened on the back of buying by local jewellers and positive global cues, traders said.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 75 each to Rs 33,195 per 10 gram and Rs 33,025 per 10 gram, respectively.

Sovereign gold, however, held steady at Rs 26,700 per eight gram.

On Saturday, gold had fallen by Rs 50 to Rs 33,120 per 10 gram.

Silver ready Monday dropped by Rs 80 to Rs 37,500 per kg, while weekly-based delivery rose by Rs 87 to Rs 36,464 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.

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