Gold price regains Rs 27,000-level; up Rs 100
Quotes

Gold price regains Rs 27,000-level; up Rs 100

Last Updated: Wednesday, May 29, 2013, 15:49
 
 Comment 0
 
Gold price regains Rs 27,000-level; up Rs 100
New Delhi: Gold prices gained Rs 100 to Rs 27,050 per ten gram here Wednesday on the back of firming global trend.

On the other hand, silver lost Rs 60 to Rs 43,940 per kg on lack of follow up support.

Traders said gold prices rose on fresh buying by retailers and stockists, driven by a firming global trend, where the metal rose as lower prices lured some investors.

Gold in Singapore, which normally set price trend in domestic markets here, climbed 0.7 percent to USD 1,390.30 an ounce after losing 1.5 percent yesterday.

Traders said silver remained weak on lack of necessary follow up support from industrial units and coin makers as the metal in overseas markets recorded its fourth consecutive monthly loss, the worst run since June.

In the national capital, gold of 99.9 and 99.5 percent purity rose by Rs 10 each to Rs 27,050 and Rs 26,850 per ten gram, respectively.

Sovereign held unchanged at Rs 23,700 per piece of eight gram.

However, silver ready lost Rs 60 to Rs 43,940 per kg and weekly-based delivery by Rs 150 to Rs 43,210 per kg on reduced offtake by speculators. Silver coins continued to be asked at last level of Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.

PTI



First Published: Wednesday, May 29, 2013, 15:22


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