Gold, silver climb on global cues
Source: PTI Gold prices surged by Rs.180 to Rs.29,430 per ten grams at the bullion market on Saturday, tracking a firm global trend and pick up in buying by jewellers and retailers amid wedding season demand. Silver prices also edged up by Rs.50 to Rs.38,700 per kg on higher demand from industrial units and coin makers. Traders said that besides firming trend in bullion rates overseas, there was rise in demand by jewellers and retailers in the domestic market largely on account of weddings. Globally, gold rose 0.7 per cent to $1,234.60 an ounce in New York in Friday's trade as disappointing US economic data revived safe-haven demand. In the national capital, gold of 99.9 and 99.5 per cent purity strengthened by Rs.180 ...
Gold 3-week high crosses Rs 29k mark
The Dollar Business Bureau Amidst positive global signs and a stable demand from stockists, the prices of gold have surged further and hit the Rs 29,000-mark at the national market on Tuesday. Standard gold (with 99.5 purity) jumped by Rs.175 to close at Rs.29,155 per 10 grams from Rs.28,980 of Monday's level. Pure gold (with 99.9 purity) also increased by the same margin to end at Rs 29,305 per 10 grams from Rs.29,130. In the international market, the metal rose to $1,262.79 an ounce on Tuesday, a 3-week high price, since March 18, as investors scaled back expectations on the increase in interest-rates by the US Federal Reserve, lowering the dollar. Gold for immediate delivery rose by 0.2 percent to $1,259.40 an ounce at ...
Gold, silver slip on subdued demand, global cues
Source: PTI Snapping its winning run, gold plunged by Rs.350 to Rs.28,360 per 10 grams at the bullion market on Wednesday on reduced offtake from stockists and investors amid subdued local buying and weak global cues. Elsewhere, silver also dropped following hectic speculative selling and lower industrial demand. Standard gold (99.5 purity) plunged by Rs.350 to finish at Rs.28,360 per 10 grams from Tuesday's closing level of Rs.28,710. Pure gold (99.9 purity) also fell to end at Rs.28,510 per 10 grams as compared to Rs.28,860 earlier. Silver (.999 fineness) also dipped by Rs.535 per kg to finish at Rs.37,900 from Rs.38,435 yesterday. Globally, spot gold fell more than 1% to its lowest in a week, as the dollar strengthened following hawkish ...
