MUMBAI: Investors took a cautious approach at the start of the session in London today as investors were not ready to take big risks ahead of the US Federal Reserve’s policy meeting, but prices recovered as the dollar index continued to trend softer. Thus, with the global encouraging report, the price of gold in the local jewelry market also rose by Rs. 10 per gram. There was an amendment of 11. However, the local forex market today saw a limited improvement in gold prices against the global market as the rupee recovered by six paise against the dollar on the back of lower gold imports. While the demand for silver from industrial users and jewelery manufacturers remained sluggish, the price per kg rose to Rs. There was a decrease of 51.
At present, despite the fall in gold prices, as the wedding season is over, the retail level has been sufficient, while the demand from jewelery manufacturers and investors has been sufficient, the global encouraging report has shown the price to be Rs. 10 per gram. 11 to 99.5 touch standard gold at Rs. 50,475 and 99.9 touch standard gold at Rs. 50,678 remained at the head. Moreover, despite the bullish trend in silver prices in the global market today, domestic stockists’ selling pressure in .999 touch silver and the demand from industrial users and jewelery manufacturers being sufficient, the price per kg remained at Rs. 51 with a decrease of Rs. 55,563 remained at the head.
