Comments
Gold prices advanced further at the domestic bullion market here today on sustained buying from retailers amid the ongoing wedding and festive season demand.
In contrast, silver dropped due to renewed speculative selling as well as subdued industrial buying support.
Standard gold (99.5 purity) firmed up by Rs 55 to end at Rs 26,650 per 10 gm from Friday’s closing level of Rs 26,595.
Pure gold (99.9 purity) also rose by a similar margin to settle at Rs 26,800 per 10 gm as against Rs 26,745.
However, silver (.999 fineness) shed Rs 270 to conclude at Rs 37,430 per kg compared to Rs 37,700 yesterday.
On the global front, the shiny metal snapped a three-day losing steak and closed firmly above the significant $1,200 mark on the back of mild short-covering despite stronger dollar and rallying equities.
Gold for June delivery soared to settle at $1,204.60 an ounce on the Comex division of the NYMEX late yesterday, while silver for May contract rose to $16.38 an ounce.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.