Gold prices inched up by Rs 25 to Rs 30,050 per 10 grams in the bullion market May 16, riding largely on a firm trend overseas, along with scattered buying by jewellers at the domestic spot market.  

 Globally, gold rose 0.39% to USD 1,277.80 an ounce in Singapore.

  Gold of 99.9 % and 99.5 % purity edged up by Rs 25 each to Rs 30,050 and Rs 29,900 per 10 grams, respectively. The precious metal had shed Rs 25 on Saturday's trade.Contact this no:- 9827808090

Gold on MCX settled up 0.44 percent at 30034 buoyed by weak equity markets and chart-based strength, as it shrugged off a higher dollar and strong U.S. economic data suggesting a brightening outlook for the economy.