Gold prices on the eve of Diwali rose by Rs 110 to Rs 19,850 per ten gram in the bullion market here on fresh buying by retailers and jewellers amid a firming trend in global markets.
Silver, however, held steady in restricted trade and traded at Rs 37,600 per kg.
Trading sentiment turned better as retail customers entered the market to make token purchases for the Diwali festival on Friday and jewellers buying to meet the ensuing marriage season demand.
The Diwali is considered to be an auspicious day in Hindu mythology to make new purchases particularly in gold and other household articles.
The prices further bolstered on reports the gold rising in global markets, which normally set prices on the domestic front, as the dollar fell to near nine-month low after the US Fed said it will purchase more government debt.
From : www.indianexpress.com
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