Gold, silver stay on northward course
Stockists and retail jewellers were active buyers in the wake of forthcoming festival season in general and Baisakhi festival in particular. Even they discounted reports of a slightly weak international trend.
By TNN |
MUMBAI: An uptrend continued to rule for the second straight day at the local bullion market on Wednesday on scattered deals. Stockists and retail jewellers were active buyers in the wake of forthcoming festival season in general and Baisakhi festival in particular. Even they discounted reports of a slightly weak international trend.
In London, spot gold rose to $679.30 and was last offered at $678.5/679.0 an ounce, against $677.2/677.7 in New York, near a peak of $681.3 hit earlier on Tuesday. Turning to local markets, Kolkata recorded the highest gain among metros on sustained support from retailers and standard gold (99.5) rose by Rs 25 at Rs 9,600 followed by a fresh gain of Rs 20 at Rs 9,475 per 10 gm in Chennai.
In Mumbai, standard gold was traded Rs 20 higher at Rs 9,560 per 10 gm. Pure gold (99.9) also did so and improved by a similar margin before finishing at Rs 9,495. In Delhi, precious metal recorded a gain of Rs 15 at Rs 9,560 per 10 gm. In Mumbai, speculative buying pushed up prices by another Rs 90 at Rs 19,950 per kg.
In Chennai, white metal posted a gain of Rs 30 before closing at Rs 19,975 per kg. In London, spot silver was quoted at $13.94/13.99 an ounce after touching $14 on Tuesday, its highest since early march.
In London, spot gold rose to $679.30 and was last offered at $678.5/679.0 an ounce, against $677.2/677.7 in New York, near a peak of $681.3 hit earlier on Tuesday. Turning to local markets, Kolkata recorded the highest gain among metros on sustained support from retailers and standard gold (99.5) rose by Rs 25 at Rs 9,600 followed by a fresh gain of Rs 20 at Rs 9,475 per 10 gm in Chennai.
In Mumbai, standard gold was traded Rs 20 higher at Rs 9,560 per 10 gm. Pure gold (99.9) also did so and improved by a similar margin before finishing at Rs 9,495. In Delhi, precious metal recorded a gain of Rs 15 at Rs 9,560 per 10 gm. In Mumbai, speculative buying pushed up prices by another Rs 90 at Rs 19,950 per kg.
In Chennai, white metal posted a gain of Rs 30 before closing at Rs 19,975 per kg. In London, spot silver was quoted at $13.94/13.99 an ounce after touching $14 on Tuesday, its highest since early march.
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