Gold gains Rs 60 to Rs 30,510 per 10 grams
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Gold gains Rs 60 to Rs 30,510 per 10 grams

Last Updated: Tuesday, August 21, 2012, 17:45
 
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Gold gains Rs 60 to Rs 30,510 per 10 grams
New Delhi: Both gold and silver rose for the second day in a row in the bullion market here Tuesday on sustained buying supported by a firming global trend.

While gold added Rs 60 to Rs 30,510 per 10 grams, silver surged by Rs 650 to Rs 55,050 per kg.

Silver coins followed suit and surged by Rs 3,000 to Rs 68,000 for buying and Rs 69,000 for selling of 100 pieces.

Marketmen said sustained buying by stockists and investors helped the precious metals to rise.

They said a firming trend in the global markets, where gold gained as a weaker dollar increased the metal's appeal as an alternative investment, also influenced the sentiment.

In London, gold rose 0.3 percent to USD 1,624.95 an ounce and silver by 0.4 percent to USD 28.90 an ounce.

On the domestic front, gold of 99.9 and 99.5 percent purity advanced by Rs 60 each to Rs 30,510 and Rs 30,310 per 10 grams, respectively. It had gained Rs 10 yesterday.

Sovereign held steady at Rs 24,500 per piece of eight grams.

Silver ready rose by Rs 650 to Rs 55,050 per kg and weekly-based delivery by Rs 780 to Rs 54,400 per kg.

PTI



First Published: Tuesday, August 21, 2012, 17:43


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