MUMBAI: Gold prices rose by Rs 15 to Rs 11,780 per 10 grams on the bullion market due to demand created during marriage season. But global markets remained weak. Gold fell by $6.11 to $887.14 an ounce in London.
Futures for June delivery dropped $6.40 to $889.10 an ounce on the Comex division of the New York Mercantile Exchange and silver fell 15.5 cents to 16.875.
In local market, standard gold and ornaments remained in demand and gained Rs 15 each at Rs 11,780 and Rs 11,630 per 10 grams respectively. Sovereign, however, hovered around previous level at Rs 9,850 per piece of eight gram in limited deals.
Gold futures in India also showed a weak trend. Gold for June 5 delivery at Multi-Commodity Exchange of India opened at 11650, went to a high of 11655 before closing at 11588, a drop of 0.64 percent over previous close.
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