Gold, silver extend gains for 3rd day on strong global cues
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Gold, silver extend gains for 3rd day on strong global cues

Last Updated: Saturday, February 15, 2014, 16:46
 
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Gold, silver extend gains for 3rd day on strong global cues
New Delhi: Gold and silver prices extended gains for the third straight day in the national capital Saturday on sustained buying by stockists for the wedding season and a firming global trend.

While gold inched up by Rs 5 to Rs 30,985 per 10 grams, silver spurted by Rs 1,000 to Rs 47,000 per kg.

Traders said sustained buying by stockists for the ongoing wedding season along with a firming global trend mainly kept gold and silver prices higher for the third-straight day.

Gold in New York, which normally sets the price trend on the domestic front, rose by 1.4 percent to USD 1,318.60 an ounce and silver jumped 5 per cent to USD 21.42 an ounce.

On the domestic front, gold of 99.9 and 99.5 percent purity added Rs 5 each to Rs 30,985 and Rs 30,785 per 10 grams, respectively. It had gained Rs 230 in last two trades. Sovereigns, however, held steady at Rs 25,400 per piece of eight grams.

Silver ready spurted by Rs 1,000 to Rs 47,000 per kg and weekly-based delivery by Rs 1,095 to Rs 46,610 per kg. The white metal had gained Rs 1,060 in the previous two session.

Silver coins also flared up by Rs 1,000 to Rs 88,000 for buying and Rs 89,000 for selling of 100 pieces.



PTI

First Published: Saturday, February 15, 2014, 16:44


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