Gold Rises For Fourth-Day on Global Cues, Local Buying
Bangalore: Gold prices maintained an upward trend for the fourth-straight day by adding 
200 to 27,600 per 10 grams in the national capital on sustained buying by stockists and retailers.
However, silver lacked necessary follow up support and dropped by 800 to 45,000 per kg.
Traders said increased buying by stockists and retailers for the marriage season and a firming global trend mainly kept an upward movement in gold prices.
Gold in New York, which normally set price trend on the domestic front, shot up by $19.80 to $1426.30 an ounce last night.
On the domestic front, gold of 99.9 and 99.5 per cent purity advanced by 200 each to 27,600 and 27,400 per 10 grams, respectively. It had gained 1,050 in last three sessions.
Sovereign, however, held steady at 24,100 per piece of eight gram in scattered deals.
On the other hand, silver ready dropped by 800 to 45,000 per kg and weekly-based delivery by 1020 per kg. The white metal had gained 500.
Silver coins also plunged by 1,000 to 75,000 for buying and 76,000 for selling of 100 pieces.
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