Comments
Gold rallied further at the domestic bullion market here on Saturday on increased investment demand as well as jewellery offtake amid festivities, triggered by a bullish global trend.
Silver rebounded following fresh speculative buying and industrial demand.
Standard gold (99.5 purity) rose by Rs 130 per 10 grams to end at Rs 26,780 from Friday’s close of Rs 26,650.
Pure gold (99.9 purity) spurted by Rs 125 per 10 grams to close at Rs 26,905 from Rs 26,780 yesterday.
Silver ready (.999 fineness) climbed by Rs 340 per kg to finish at Rs 53,820 as compared to Rs 53,480 previously.
In New York, gold rose on optimism over positive US retail sales data.
Gold for December delivery added 14.50 to settle at $1,683 an ounce on the Comex division of NYMEX.
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.