Gold price regains Rs 31,100-level, up for 4th straight day
Continuing its uptrend for the fourth straight day, gold reclaimed the key 31,100 per 10 grams level Tuesday on sustained buying interest from stockists and retailers amid strong global cues.
Zee Media Bureau
New Delhi: Continuing its uptrend for the fourth straight day, gold reclaimed the key 31,100 per 10 grams level Tuesday on sustained buying interest from stockists and retailers amid strong global cues.
Silver regained the Rs 46,000-mark by rising Rs 250 to Rs 46,200 per kg on the back of increased off-take by industrial units.
Globally, gold prices edged higher as the dollar weakened on expectations that the US Federal Reserve will not raise interest rates at its September policy meeting.
In London, spot gold rose 0.4 percent to USD 1,330.52 an ounce at early trade, while US gold futures were 0.5 percent higher at USD 1,332.70.
In the national capital, gold of 99.9 percent and 99.5 percent purity gained another Rs 50 each to Rs 31,100 and Rs 30,950 per 10 grams, respectively. It had gained Rs 100 in the previous three sessions.
In a similar fashion, silver ready rose further by Rs 250 to Rs 46,200 per kg while weekly-based delivery traded higher by Rs 929 to Rs 46,409 per kg.
At Mumbai, Standard gold (99.5 purity) climbed by Rs 245 to close at Rs 31,090 per 10 grams from last Friday's closing level of Rs 30,845. Pure gold (99.9 purity) also gained by a similar margin to close at Rs 31,240 per 10 grams against Rs 30,995.
Silver (.999 fineness) zoomed by a whopping Rs 1,335 per kg to close at Rs 46,635 from Rs 45,300 previously.
With PTI Inputs