New Delhi: Rising for the fourth straight day, gold prices inched up by Rs 30 to close at Rs 14,720 per ten gram in the bullion market here on sustained buying in tandem with a firming global trend.
Marketmen said sustained buying by stockists and jewellery fabricators sparked by firming global trend mainly led to rise in gold prices.
Buying activity in gold continued to pick up as the metal prices surged to 2-month high in overseas markets on weakening dollar.
The dollar-denominated precious metal, which normally moves in opposite direction to the dollar, shot up to 963.10 dollar an ounce on the New York Exchange last night.
The dollar fell against euro and other leading currencies in forex and touched its lowest level since December 29.
Standard gold and ornaments retained their rising streak for the fourth day adding another Rs 30 each to Rs 14,720 and Rs 14,570 per ten gram respectively. Sovereign remained flat at Rs 12,400 per piece of eight gram in limited deals.
In line with a firming general trend, silver ready rose by Rs 200 to Rs 22,500 per kg and weekly-based delivery by Rs 230 to Rs 22,680 per kg respectively. Silver coins also gained Rs 100 to Rs 29,100 for buying and Rs 29,200 for selling of 100 pieces.
Dr.B.Mohammad Rafee M.A.M.Phil.,Ph.D. Researcher, Pedagogue Ph:+918951163373,9159615573 Email:basharafee@gmail.com Web:www.mohammad-rafee.blogspot.com
No comments:
Post a Comment