Gold rebounds Rs 1,600; silver climbs Rs 5,000 as easing oil prices lift bullion
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Greater Kashmir
awazthevoice.inGold rebounds Rs 1,600; silver climbs Rs 5,000 as easing oil prices lift bullion
New Delhi, Sep 18: Gold staged a sharp comeback on Friday, rising Rs 1,600 to Rs 1.56 lakh per 10 grams in the national capital as retreating crude oil rates eased inflation concerns and gave investors room to return to bullion after the recent sell-off. The yellow metal of 99.9 per cent purity appreciated Rs 1,600 to Rs 1,56,600 per 10 grams (inclusive of all taxes) from Thursday's closing level of Rs 1.55 lakh per 10 grams, according to local …
A day ago, the price of gold of 99.9% purity increased by ₹1,600 in the bullion market in Delhi. The slowdown in crude oil prices has eased inflation concerns. In addition, gold prices have increased as investors have returned to the bullion market after the recent sell-off.
Gold and silver prices surged sharply on the back of softening crude oil prices. Gold rose by Rs 1,600 and silver by Rs 5,000 in Delhi. Investors flocked to the bullion market as inflation concerns eased.
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