Gold price reclaims Rs 27,000-level in Mumbai
Zee Media Bureau
Gold price reclaimed Rs 27,000 per ten grams level in Mumbai bullion market Thursday on strong physical buying.
Standard gold of 99.5 percent purity and pure gold of 99.9 percent purity both traded up by Rs 360 at Rs 26,930 and Rs 27,070 per ten grams, respectively.
Silver ready (.999 fineness) moved higher by Rs 450 to Rs 45,050 per kg from Wednesday's closing level of Rs 44,600.
In Chennai, standard gold price moved higher by Rs 480 to Rs 27,530 per ten grams as against its previous close of Rs 27,050. Silver also rallied by Rs 895 to Rs 44,945 from Rs 44,050 per kg.
Gold prices continued their upward momentum in futures trade today and rallied by over Rs 250 points on sustained speculative buying, encouraged by uptrend in international markets.
Silver also regained its Rs 43,000-level in futures trade.
At the Multi Commodity Exchange (MCX), metal for delivery in June contracts climbed by Rs 253 to trade higher at Rs 26,641 per ten grams.
Silver for delivery in May contracts increased by Rs 669 to Rs 43.561 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, surged by 14.50 or 1.01 percent to USD 1,447.00 per ounce.
With Agency Inputs