Diabytes
Gold price at over 6-week high, ends at Rs 26,700 per 10 grams
Extending its rally for the eleventh day, gold surged by Rs 365 to over six-week high of Rs 26,700 Thursday amid a firming trend in global markets and buying by jewellers to meet the wedding season demand.
Trending Photos
6- 7
- 7
- 6
New Delhi: Extending its rally for the eleventh day, gold surged by Rs 365 to over six-week high of Rs 26,700 Thursday amid a firming trend in global markets and buying by jewellers to meet the wedding season demand.
Silver also recorded a handsome gain of Rs 1,000 at Rs 36,300 per kg on increased offtake by industrial units and coin makers.
Bullion traders said apart from a firming trend overseas where gold jumped to over one month highs as prospects dimmed for a US interest rate increase in September, boosting the metal's allure, increased buying by jewellers to meet ongoing wedding season demand, mainly kept prices of the precious metals higher.
Globally, gold in Singapore, which normally sets price trend on the domestic front, climbed 0.5 percent to trade at over one-month high of USD 1,139.59 an ounce after surging 1.5 percent in yesterday's trade and silver added 0.4 percent to USD 15.38 an ounce. It soared 3 percent in yesterday's trade.
Besides, diversion of funds from weakening equities to rising bullion supported the upside in prices, they said.
In the national capital, gold of 99.9 percent and 99.5 percent purity climbed by Rs 365 each to Rs 26,700 and Rs 26,550 per 10 grams, respectively, a level last seen on July 1. It had gained Rs 1,355 in previous 10 days.
The Sovereign gained Rs 100 at Rs 22,500 per piece of eight grams.
Following gold, silver ready too rallied by Rs 1,000 to Rs 36,300 per kg and weekly-based delivery by Rs 960 to Rs 35,880 per kg.
In line with overall trends, silver coins also shot up by Rs 1,000 to Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces.
Silver also recorded a handsome gain of Rs 1,000 at Rs 36,300 per kg on increased offtake by industrial units and coin makers.
Bullion traders said apart from a firming trend overseas where gold jumped to over one month highs as prospects dimmed for a US interest rate increase in September, boosting the metal's allure, increased buying by jewellers to meet ongoing wedding season demand, mainly kept prices of the precious metals higher.
Globally, gold in Singapore, which normally sets price trend on the domestic front, climbed 0.5 percent to trade at over one-month high of USD 1,139.59 an ounce after surging 1.5 percent in yesterday's trade and silver added 0.4 percent to USD 15.38 an ounce. It soared 3 percent in yesterday's trade.
Besides, diversion of funds from weakening equities to rising bullion supported the upside in prices, they said.
In the national capital, gold of 99.9 percent and 99.5 percent purity climbed by Rs 365 each to Rs 26,700 and Rs 26,550 per 10 grams, respectively, a level last seen on July 1. It had gained Rs 1,355 in previous 10 days.
The Sovereign gained Rs 100 at Rs 22,500 per piece of eight grams.
Following gold, silver ready too rallied by Rs 1,000 to Rs 36,300 per kg and weekly-based delivery by Rs 960 to Rs 35,880 per kg.
In line with overall trends, silver coins also shot up by Rs 1,000 to Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces.
 "DNA: Analysis of BJP's first victory in Lok Sabha elections")
 "DNA: 'Mountain' of garbage in Delhi is giving competition to Qutub Minar")
 "DNA: Shocking report on plastic")
 "DNA: What is Bengal teacher recruitment scam?")
 "DNA: What did the mother of Love Jihad case accused Fayaz tell?")
 "DNA: Dangers of Using Counterfeit Airbags")
 "DNA: Modi Wave vs Heatwave in 2024 Lok Sabha Elections?")
 "DNA: Will Israel fight alone against Muslim countries?")
 "DNA: Is there plastic in your blood too?")
 "DNA: Threat of nuclear war?")
