Gold price climbs by Rs 300 on seasonal buying, firming global cues
Quotes

Gold price climbs by Rs 300 on seasonal buying, firming global cues

Last Updated: Thursday, August 7, 2014, 15:24
 
 Comment 0
 
Gold price climbs by Rs 300 on seasonal buying, firming global cues
New Delhi: Continuing its rising streak, gold prices flared up by Rs 300 to Rs 28,800 per ten gram in the national capital Thursday on sustained buying by jewellers and retailers for the festive season amid firming global cues.

Silver also recovered by Rs 450 to Rs 44,500 per kg on increased offtake by industrial units and coin makers.

Bullion traders said besides increased buying by jewellers and retailers to meet festive season demand, a firming global trend amid escalating tensions over Ukraine has raised demand for a safe-haven, resulting into influence on gold prices here too.

Gold in Singapore, which normally sets price trend on the domestic front, rose by 0.2 percent to USD 1,308.13 an ounce and silver by 0.2 percent to USD 20.08 an ounce.

In Delhi, gold of 99.9 and 99.5 percent purity shot up by Rs 300 each to Rs 28,800 and Rs 28,600 per ten gram respectively. The precious metal had gained Rs 110 in yesterday's trade.

In line with overall trends, sovereign also moved up by Rs 100 to Rs 24,900 per piece of eight gram.

Silver ready recovered by Rs 450 to Rs 44,500 per kg and weekly-based delivery by Rs 395 to Rs 44,040 per kg. Silver coins, however, remained steady at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.



PTI

First Published: Thursday, August 7, 2014, 15:20


Comments


comments powered by Disqus
Hyundai 4S Fluidic Verna
Hyundai 4S Fluidic Verna
Top 5 anticipated luxury cars of 2015
Top 5 anticipated luxury cars of 2015
Top 5 anticipated smartphones of 2015
Top 5 anticipated smartphones of 2015
World Economic Forum 2015
World Economic Forum 2015
G20 Summit 2014
G20 Summit 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved