New Delhi, Oct 15: Gold extended gains for the second straight session today and rose by Rs 45 to Rs 27,165 per 10 grams on sustained buying by stockists and jewellers to meet the seasonal demand, amid a firming global trend.
However, silver continued to slide for the third day by losing Rs 250 to Rs 53,550 per kg on sluggish demand from industrial units. It had lost Rs 800 in the last two sessions. Sentiments in gold remained firm after it gained in overseas markets on concern about Europe’s debt crisis and increased domestic demand ahead of ‘Diwali’.
Gold in global markets, which normally sets the price trend on the domestic front, added USD 13.20 to USD 1,679.80 an ounce in New York.
From: http://ping.fm/yccc7
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