New Delhi, December 08: Snapping a three-day losing streak, gold prices rose by Rs 70 to Rs 17,800 per ten gram in the bullion market today as a firming global trend spurred buying by stockists and jewellers at existing lower levels.
Buying activity in gold picked up after prices in overseas markets recorded a handsome recovery as traders felt the 5.6 per cent fall was excessive.
Gold rush from jewellery fabricators to meet the current marriage season further supported the uptrend.
The fall in prices was mirrored by the other precious metal silver aswell. Less buying by industrial units in silver at such higher levels pulled down white metal’s prices while the prices of weekly-based delivery rose on speculative support.
–PTI