Gold & Silver

Gold rises to over 1-month high of Rs 29,760

PTI New Delhi | Updated on January 15, 2018 Published on April 12, 2017

gold

Gold rose for the second straight day, with prices surging Rs 410 to an over one-month high of Rs 29,760 per 10 grams.

Silver shot past the Rs 42,000-mark by surging Rs 925 to Rs 42,750 per kg driven by higher offtake.

Traders said bullion derived its strength from a firm trend overseas as soaring geopolitical tensions boosted the metal’s appeal as a safe haven.

Globally, gold climbed 0.05 per cent to trade at a five-month high of $1,274.60 an ounce in Singapore.

Besides, persistent buying by local jewellers to cater to the wedding season demand supported the upside, they said.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity went up by Rs 410 each to Rs 29,760 and Rs 29,610 per 10 grams, respectively, a level last seen on March 6 when it had ended at Rs 29,750. The precious metal had gained Rs 60 yesterday.

Sovereign also traded higher by Rs 100 at Rs 24,500 per piece of eight grams.

Silver ready and weekly-based delivery climbed by Rs 925 each to Rs 42,750 and Rs 42,320 per kg, respectively.

Silver coins too moved up by Rs 1,000 to Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.

Published on April 12, 2017
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