{"id":50525,"date":"2017-12-30T11:26:23","date_gmt":"2017-12-30T11:26:23","guid":{"rendered":"http:\/\/www.bnreport.com\/gold-silver-end-2017-on-a-high-post-annual-gains\/"},"modified":"2017-12-30T11:26:24","modified_gmt":"2017-12-30T11:26:24","slug":"gold-silver-end-2017-on-a-high-post-annual-gains","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/gold-silver-end-2017-on-a-high-post-annual-gains\/","title":{"rendered":"Gold, silver end 2017 on a high; post annual gains"},"content":{"rendered":"

NEW DELHI: Gold<\/a> regained its sheen by surging Rs 175 to a one-month high of Rs 30,400 per 10 grams on the last trading day of 2017 at the bullion market<\/a> today, driven by a firm trend overseas and increased buying by local jewellers. <\/p>\n

Silver maintained its upward march and added another Rs 280 to reach Rs 39,980 per kg backed by increased offtake by industrial units and coin makers. <\/p>\n

Marketmen said a firm trend in the global market, where gold rallied to one-month high of USD 1,302.50 an ounce mainly driven by a softer dollar and political uncertainties, and pick up in demand from local jewellers supported the upside in prices. <\/p>\n

For the year, gold recorded a rise of Rs 2,100 or 7.42 per cent, while silver climbed Rs 580, or 1.47 per cent at the local market. <\/p>\n

The rise comes amid weakness in the US dollar that gave a boost to dollar-pegged commodities<\/a>, making them more attractive to users of other currencies. <\/p>\n

During 2017, gold hit a high of Rs 31,350 per 10 grams (on September 8) and a low of Rs 28,300 (on January 2). <\/p>\n

Globally, it zoomed to end the year at USD 1,302.50 an ounce, showing a growth of over 13.17 per cent from last year's close of USD 1,150.90 an ounce in New York. <\/p>\n

Also, silver rose 6.48 per cent to close at USD 16.91 an ounce as against last year's close of USD 15.88. <\/p>\n

In Delhi, gold of 99.9 per cent and 99.5 per cent purity today climbed by Rs 175 each to Rs 30,400 and Rs 30,250 per 10 grams, respectively. The precious metal<\/a> had shed Rs 25 in yesterday's trade. <\/p>\n

Sovereign, however, remained steady at Rs 24,700 per piece of eight grams in limited deals. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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The post Gold, silver end 2017 on a high; post annual gains<\/a> appeared first on News Wire Now<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI: Gold regained its sheen by surging Rs 175 to a on..<\/p>\n","protected":false},"author":1,"featured_media":50526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-50525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nGold, silver end 2017 on a high; post annual gains - Business News Report<\/title>\n<meta name=\"description\" content=\"NEW DELHI: Gold regained its sheen by surging Rs 175 to a on..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/gold-silver-end-2017-on-a-high-post-annual-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold, silver end 2017 on a high; 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