Gold price increases to ₹30,950 per 10 grams
- Gold touches ₹30,950 per 10 grams.
- Price rise due to increase of rated in overseas market.
- Domestic jewellers buying gold from overseas market to meet upcoming wedding season demands.
Gold price touched one-month high with an increase of ₹250 making it ₹30,950 per 10 grams following the trends overseas and also due to higher purchase by domestic jewellers during the wedding season demand.
According to the traders, buying sentiments became stronger after gold prices rose for the fifth day in almost a month in the overseas due to the weakening of dollar value ahead of the US Federal Reserve's impending interest-rate decision.
Apart from this the upcoming wedding season and the rising demand for gold ornaments has led to the higher purchase by the jewellers from the overseas market resulting in this sudden rise in gold price.
In the national capital, gold of 99.9% purity and 99.5% purity rose by ₹250 each to ₹30,950 and ₹30,800 per 10 grams. It further gained ₹50 yesterday.