Gold snaps 3-day fall; up Rs 120 at Rs 26,800 per 10 gms
Quotes

Gold snaps 3-day fall; up Rs 120 at Rs 26,800 per 10 gms

Last Updated: Thursday, June 27, 2013, 16:01
 
 Comment 0
 
Gold snaps 3-day fall; up Rs 120 at Rs 26,800 per 10 gms
New Delhi: Snapping a three-day falling trend, gold prices on Thursday recovered by Rs 120 to Rs 26,800 per 10 grams in the national capital on buying at existing lower levels amid a rebound in global markets.

However, silver held steady at Rs 40,500 per kg in restricted buying from industrial units.

Traders said emergence of buying by stockists and retailers at prevailing lower levels mainly led a recovery move in gold.

They said a firming global trend where precious metals rose for the first time in four days as investors weighed the Federal Reserve's stimulus plans also supported the uptrend.

Gold in Singapore, which normally sets the price trend on the domestic front, rose by 1.5 percent to USD 1,244.85 an ounce and silver by 1.8 percent to USD 18.84 an ounce.

On the domestic front, gold of 99.9 and 99.5 percent purity rebounded by Rs 120 each to Rs 26,800 and Rs 26,600 per 10 grams, respectively, after losing Rs 960 in last three days. Sovereigns held steady at Rs 24,000 per piece of eight grams.

On the other hand, silver ready ruled flat at Rs 40,500 per kg while weekly-based delivery shed Rs 20 to Rs 39,570 per kg on lack of buying support from speculators.

Meanwhile, silver coins spurted by Rs 1000 to Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

PTI



First Published: Thursday, June 27, 2013, 15:49


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

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