Gold, Silver Prices Extend Gains on Strong Global Cues
New Delhi: Gold prices surged
365 to
27,415 per ten grams in the national capital on sustained buying by stockists and a firm global trend.
Silver followed suit and gained
580 to
44,880 per kg on increased offtake by industrial units and coin makers.
Traders said sentiment remained firm as gold rose in global markets. Buying by central banks and signs of increased physical demand also countered outflows in investor holdings.
Gold in Singapore, which normally set price trend on the domestic front, gained 0.5 per cent to $1,393.63 an ounce and silver by 0.9 per cent to $22.58 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity surged by
365 each to
27,415 and
27,215 per ten grams, respectively.
The yellow metal had gained
100 in the previous session. Sovereign followed suit and rose by
100 to
23,800 per piece of eight grams.
In line with a general firm trend, silver ready advanced by
580 to
44,880 per kg and weekly-based delivery by
120 to
43,595 per kg. The white metal had gained
300 in last two sessions.
Silver coins also spurted by
1,000 to
76,000 for buying and
77,000 for selling of 100 pieces.
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