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New Delhi, Sep 15: Snapping its three-day losing streak, gold staged a comeback to close higher by Rs 80 to Rs 27,450 per ten gram in the national capital today amid a firming trend overseas. Besides, buying at prevailing levels by jewellers also supported the upside.
Silver followed suit and recovered by Rs 250 to Rs 41,500 per kg on increased offtake by industrial units and coin makers. Traders said sentiments turned better after gold recovered from an eight-month low in global markets on speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting. Also Read - International Flights: Air India Plans To Operate Special Flight From Basra To New Delhi On September 17 | Details Here
Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.4 per cent to USD 1,235.07 an ounce and silver traded a shade higher at USD 18.64 an ounce. In Delhi, gold of 99.9 and 99.5 per cent purity was up by Rs 80 each to Rs 27,450 and Rs 27,250 per ten gram, respectively. It had lost Rs 430 in the previous three sessions. Sovereign, however, held steady at Rs 24,400 per piece of eight gram in limited deals. Also Read - Gold Prices Today, 07 September 2020: After 3-day Fall, Yellow Metal Rates Witness Rise; Silver at Rs 67,210 Per Kg
In a similar fashion, silver ready recovered by Rs 250 to Rs 41,500 per kg and weekly based delivery by Rs 150 to Rs 41,450 per kg, after losing Rs 920 in last three days. On the other hand, silver coins continued to be enquired at last level of Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.