Gold rises to Rs 29,050 on global cues, local demand

New Delhi-India (July 16)  Gold prices shot up by Rs 190 to Rs 29,050 per ten gram at the bullion market today on firm cues from global markets and increased buying by local jewellers.

 Silver also regained the Rs 38,000-mark on increased offtake by industrial units and coin makers.

 Marketmen said a firm trend overseas and increased buying by local jewellers at domestic spot markets led to the rise in gold prices.

 Globally, gold rose by 0.91 per cent to USD 1,228.40 an ounce.

TheAsianNews