Gold prices extended gains and added Rs 285 to Rs 27,275 per 10 grams in the bullion market here today, on sustained buying by stockists and investors, triggered by rising global prices.
However, silver declined by Rs 200 to Rs 53,300 per kg on reduced offtake by industrial units at higher levels. Trading sentiment bolstered in gold after the metal climbed USD 10.28 to USD 1,668.60 in London as concerns that Europe's debt woes may worsen. Also, a slump in the financial markets spurred the demand for the metal as a protection of wealth.
Market analysts said pick-up in festival demand and shifting of funds by investors from weakening equities to rising gold also fulled the uptrend in the metal's prices.
On the domestic front, gold of 99.9 and 99.5 per cent purity surged by Rs 285 each to Rs 27,275 and Rs 27,135 per 10 grams, respectively. It had gained Rs 350 yesterday. Sovereigns added another Rs 100 to Rs 22,000 per piece of eight grams.
From: http://ping.fm/4oeh3
Popular Posts
-
Ram Singh, an employee of Rajdhani Flour Mills, was shot at by three goons drinking liquor near his home in Shakurpur, West Delhi on Wednes...
-
An under construction Gurdwara in the American State of Michigan has been vandalised and defaced with anti-Muslim graffiti, the police and c...
-
Panaji, Nov 17: In the backdrop of a slump in demand for the iron ore in his country, a senior Chinese embassy official today underlined the...
-
Sri Lanka's first cricket series triumph in 15 months was a credit to its ability to handle pressure against Pakistan, said captain Mahe...
-
An "angry" Salman Rushdie claims he has found out that the intelligence provided to him by Rajasthan police about threat to his li...
-
A man identified as Kamran Siddiqui today threw black ink at the face and clothes of Swami Ramdev, as he was concluding his press conference...
-
Government today released audio tapes of Joint Drafting Committee meetings on Lokpal Bill showing sharp differences and strong arguments bet...
-
The Congress would project Rahul Gandhi as the future leader of the party, senior leader and Union Finance Minister Pranab Mukherjee said to...
-
Asked to pay a toll of Rs 27, a motorist on Thursday midnight whipped out a pistol and shot the booth operator at Kherki Daula toll plaza on...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment