Gold rises for fourth day on global cues

April 25, 2014 04:35 pm | Updated May 23, 2016 04:03 pm IST - New Delhi

Continued its rising streak for the fourth straight session, gold prices on Friday moved up by another Rs. 90 to Rs. 30,680 per ten gram on increased buying by stockists for the ongoing marriage season amid a firming global trend.

On the other hand, silver recovered by Rs. 240 to Rs. 43,420 per kg on increased off-take by industrial units and coin makers.

Gold in New York rose by 0.5 per cent to USD 1,290.60 an ounce and silver by 1.3 per cent to USD 19.71 an ounce.

On the domestic front, gold of 99.9 and 99.5 per cent purity added Rs. 90 each to Rs. 30,680 and Rs. 30,480 per ten gram respectively. The yellow metal had gained Rs. 550 in the previous three sessions.

Sovereign, however, held steady at Rs. 25,000 per piece of eight gram in limited deals.

Silver ready recovered by Rs. 240 to Rs. 43,420 per kg and weekly-based delivery by similar margin to Rs. 42,720 per kg.

Silver coins ruled steady at Rs. 82,000 for buying and Rs. 83,000 for selling of 100 pieces.

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