Gold and silver on an upward trend

Representational Image / PTI

Gold prices on friday witnessed a rise of Rs 200 to Rs 33,270 per 10 grams at the bullion market here on fresh buying from jewellers amid firm trend overseas, according to the All India Sarafa Association. Tracking gold, silver advanced by Rs 120 to Rs 39,100 per kg due to increased offtake by industrial units.

Traders said with China’s export data registering a decline thereby indicating a weaker global economic outlook, led to safe-haven buying from the jewellers. Besides, firm trend overseas aided in upward movement of the yellow metal, they added.

In the previous six sessions, gold had lost total Rs 1,130. In the national capital, gold of 99.9 per cent and 99.5 per cent purities gained Rs 200 each to Rs 33,270 and Rs 33,100 per 10 grams, respectively.

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