Climbing to Rs 27,180, after two months, gold rate is increased by Rs.480, at the bullion market on Friday.
Along with gold, even silver rate is also increased by Rs.200, thus showing the figure of Rs.36500 per kg. Due to the increased demand from industrial units and coin makers, the rate was hiked.
Speaking on the issue, Bullion merchant said, along with firming global trend, where gold advanced to over six-week high, on signs, the US Federal Reserve may delay an increase in the interest rate, as the inflation continued to remain low and the selloff in emerging markets spreads, has boosted the sentiment in this situation.
If the global stats are taken into consideration, the gold rate in Singapore is increased by 1.4 per cent to USD 1,168.39 an ounce, which is the highest level, since July.
Whereas in Delhi, gold of 99.9 per cent and 99.5 per cent purity increased by Rs 480 each to Rs 27,180 and Rs 27,030, respectively. After June 19, this is the first increase in price of gold.
Silver coins rate is increased by Rs 1,000. The current price of 100 coins is Rs 52,000 for buying and Rs 53,000 for selling.