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Business Daily from THE HINDU group of publications Friday, June 13, 2008 ePaper | Mobile/PDA Version |
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Update at 1730 hrs (IST)
Commodities Gold recovers on fresh buying NEW DELHI: Snapping three days falling streak, gold recovered marginally by Rs 15 at Rs 12,275 per 10 gram on the bullion market on Friday on fresh buying by retail customers at existing lower levels. Buying activity picked up as retailers and jewellery fabricators purchased as gold prices fell by Rs 345 per 10 gram in last three days. A positive Asian trend, where gold traded marginally up 0.4 per cent to $871.75 an ounce, boosted the trading sentiment to some extent. In domestic market, standard gold and ornaments rose by Rs 15 each to Rs 12,275 and Rs 12,125 per 10 gram respectivel y. However, sovereign held steady at Rs 10,000 per piece of eight gram. In silver section prices showed a mixed trend as silver ready met with fresh stockists and industrial units buying and rose by Rs 55 to Rs 23,780 per kg but silver weekly-based delivery remained lower by Rs 80 to Rs 23,430 per kg. Silver coin was enquir ed around previous level of Rs 26,900 for buying and Rs 27,000 for selling per 100 coins. - PTI
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