Gold rose by Rs 550 to Rs 72,500 per 10 grams in the Delhi bullion market on Thursday due to positive global sentiment and increased domestic demand. The yellow metal rose for the third consecutive day after recovering from a massive fall due to the government’s announcement of cutting customs duty on gold and silver in the budget. Gold had closed at Rs 71,950 per 10 grams in the previous trading session.
According to the All India Sarafa Association, the price of silver also rose by Rs 600 to Rs 86,200 per kg, which closed at Rs 85,600 per kg in the previous session. Meanwhile, gold of 99.5 percent purity in the Delhi bullion market jumped by Rs 550 to Rs 72,150 per ten grams, which closed at Rs 71,600 per 10 grams in the previous trading session.
