Gold gains marginally on global cues

Gold prices today inched up by Rs 10 to Rs 17,385 per ten gram in the bullion market here on sparse buying amid firm global trend. Silver prices rose by Rs 100 to Rs 28,750 per kg on increased offtake by industrial units.

Gold prices on Tuesday inched up by Rs 10 to Rs 17,385 per ten gram in the bullion market here on sparse buying amid firm global trend.

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Silver prices rose by Rs 100 to Rs 28,750 per kg on increased offtake by industrial units.

Marketmen said sparse buying by stockists and jewellers after a firm global trend mainly helped gold strengthen.

Gold in global markets, which normally set a price trend at the domestic front, gained three dollars to 1182.30 dollars an ounce.

Standard gold and ornaments remained in demand and advanced by Rs 10 each to Rs 17,385 and Rs 17,235 per ten gram respectively.

However, sovereign remained around previous level of Rs 14,150 per piece of eight gram.

Silver ready rose by Rs 100 to Rs 28,750 per kg and weekly-based delivery by Rs 145 to Rs 28,430 per kg. Silver
coins too added Rs 100 to Rs 33,900 for buying and Rs 34,000 for selling of 100 pieces.