Gold prices rose by Rs 100 to Rs 33,750 per 10 grams on Tuesday in view of strong trend in the overseas markets. The price of gold reached Rs 34000 per 10 grams in 2013. This is the highest level of 6 years.
On the other hand, silver prices rose by Rs 100 to Rs 41,000 per kg on increased offtake by industrial units and coin makers. Gold prices are around $ 1,300 per ounce in the global market. This has led to a strong trading sentiment in the local market and the sharp rise in gold prices.
Experts say there is no hope of a fall in gold prices. Apart from this, trade tension between China and the United States increased the value of precious items as a safe investment before the talks began.
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