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Continuing its rise for another week, gold prices reached 32,625 rupees, their highest level in six years, and finally settled at 32,550 rupees for 10 grams on Saturday. , supported by a resumption of the demand of the jeweler's parties.
Money, on the other hand, after having evolved in a narrow range of scattered purchases and sales, finally finished flat at Rs. 39,600 per kg.
Bullion traders also said that their opinions were also supported by the trend towards a consolidation of global markets: gold reached its highest level in three months, as the dollar weakened and the markets weakened. fell at their lowest level in several months.
In addition, a depreciation of the rupee allowed more expensive imports also added to the upward trend in gold prices.
The transfer of investor funds to bullion from stock market melting also helped the precious metal reach its highest level in six years.
Gold closed the week in style at $ 1,233.80 an ounce, compared to $ 1,227.50 the previous week. Silver also rose from $ 14.68 to $ 14.76 an ounce.
In the domestic market, 99.9% and 99.5% purity began the week on a relatively moderate note, at 32,220 and 32,070 rupees per ten grams. at the insufficient request of jewelers.
Later, it regained its luster thanks to the growing demand from local jewelers and retailers for the holiday season and weddings, and reached its highest level in six years: 32,625 Rs and 32 475 Rs per 10 grams Thursday. 19659002] Finally, the demand of jewelers as well as the most important retailers has faded and finally ended the week at Rs 32,500 and Rs 32,400 per 10 grams, showing an increase of Rs 280 compared to the previous week's closing of 32,270 Rs and 3220 rupees.
Sovereign gold, however, traded on a narrow range on a scattered support and ended the week at a record high of 24,700 RS per 8-coin.
Silver ranging from 39,500 to 39,750 rupees per kg, ended the week flat at Rs 39,600 per kg but week of money Fixed base deliveries were reduced from 85 to 38,710 rupees / kg.
Silver coins maintained a steady trend of Rs. 75,000 for purchases and Rs. 76,000 for the sale of 100 pieces.
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