GOLD Price Hikes on Monday

Gold prices hiked on Monday considering the demand form local jewellers by Rs 340 reported by news agency Press Trust of India quoting the All India Sarafa Association. The gold has reached to Rs 34,450 for 10 grams.

However, a minimal decline in silver is witnessed. Around Rs 130 fell down leaving the silver rate at Rs 41,530 for Kilogram. The global cues made on impact to the rise in the price of gold, traders said.

The 99.9 % and 99.5 % raised up by Rs 340 landing at Rs 34,450 and Rs 34,300 for 10 grams respectively in Delhi. Sovereign gold hiked up by Rs 100 to Rs 26100 per eight grams.

Change in global stocks and upbeat of United States Dollars resulted in the lowest fall of the price of gold for about a week on Monday.

Silver saw a decline of Rs 130 weekly based delivered saw a fall of Rs 139. The final prices for both are at Rs 41,530Rs and Rs 40,437 respectively per kilogram. Silver coins trade ounce up by Rs 1,000 for selling 100 pieces from Rs 80,000 to Rs 81,000 respectively.