Gold remains weak on sluggish demand; silver recovers

However, silver recovered by Rs 130 to Rs 35,330 per kg on scattered buying by industrial units and coin makers.
  
Bullion traders said easing demand from jewellers and retailers at prevailing levels mainly kept pressure on gold prices. They said, however, firm global trend where gold gained on weakness in the dollar, capped the fall.
  
Globally, gold climbed 0.4 percent to USD 1,125.48 an ounce and silver rose 0.1 percent to USD 14.80 an ounce after advancing 2 percent yesterday in Singapore. http://post.jagran.com/gold-remains-weak-on-sluggish-demand-silver-recovers-1441794692

Source: Business News

Gold gains Rs 130 on wedding season demand

Silver also advanced by Rs 100 to 36,650 per kg on increased offtake by industrial units and coin makers.

Traders said increased buying by jewellers and retailers, driven by ongoing wedding season demand, mainly kept gold and silver prices higher but a weak trend overseas, limited the gains.

In overseas markets, gold slipped from three-week high and fell 0.20 per cent to USD 1,198.60 an ounce and silver shed 0.20 per cent to USD 16.41 an ounce in Singapore.

In Delhi, gold of 99.9 and 99.5 percent purity advanced by Rs 130 each to Rs 26,930 and Rs 26,730 per 10 grams, respectively.

Sovereign, however, held steady at Rs 23,700 per piece of eight grams.

In line with general firm trend, silver ready traded higher by Rs 100 to Rs 36,650 per kg and weekly-based delivery by Rs 80 to Rs 36,160 per kg.

Silver coins also spurted by Rs 1,000 to Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces on upsurge in wedding season demand.

Source: News and Business News