Gold & Silver

Gold hits new peak on fresh buying

PTI Mumbai | Updated on March 12, 2018 Published on November 12, 2011

gold

Gold prices rallied to scale new peak at the domestic bullion market here on Saturday on fresh stockist and investor buying, and good jewellery demand due to marriage season amidst global recovery.

Silver also advanced smartly on renewed speculative and industrial buying.

Standard gold (99.5 purity) surged by Rs 245 per 10 grams to end at Rs 28,860 from Friday’s close of Rs 28,615.

Pure gold (99.9 purity) rose by Rs 235 per 10 grams to finish at Rs 28,990 from Rs 28,755 yesterday.

Silver ready (.999 fineness) shot up by Rs 685 per kg to close at Rs 57,990 as against Rs 57,305 previously.

In New York, gold regained on weak dollar after two session lows lured investors back to the yellow metal.

Gold for December delivery was up $28.50 to $1,788.10 an ounce on the Comex division of the NYMEX late yesterday. December silver contract gained 58 cents to $34.68 an ounce.

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Published on November 12, 2011
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