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Gold falls by Rs 70 to Rs 31,750 per 10 grams on global cues, muted demand

Silver also surged on increased offtake by industrial units and coin makers

Gold, gold imports
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Press Trust of India
Riding on positive global cues and wedding season buying by local jewellers, gold regained its glitter to end higher at Rs 31,750 per 10 grams at the bullion market during the week.

Silver also surged on increased offtake by industrial units and coin makers.

Bullion traders said apart from a firm trend overseas, as the weakness in the dollar raised demand for precious metals as a safe haven, increased buying by local jewellers to meet the ongoing wedding season demand at the domestic spot market led to the rise in gold prices here.

Globally, gold ended higher

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