SEARCH

Business » Markets

Updated: January 3, 2011 17:07 IST

Silver hits record high level on global cues, gold shoots up

PTI
print   ·   T  T  
Prospectivwe customers look at a jewellery collection at an expo in Visakhapatnam. File photo
The Hindu Prospectivwe customers look at a jewellery collection at an expo in Visakhapatnam. File photo

Silver hit yet another peak level at Rs. 46,930 per kg today on brisk buying by stockists, driven by a firm global trend where it climbed to 30-year high, while gold gained on local demand.

Trading sentiments for silver turned bullish, as the metal prices in overseas markets rose to a 30-year high and traded above $ 31.00 an ounce. Increased offtake by industrial units and coins makers further supported the uptrend in silver prices.

On the domestic front, silver ready rose by Rs. 180 to Rs. 46,930 per kg, a record level and silver weekly-based delivery by Rs. 170 to Rs. 46,450 per kg.

Silver coins too traded in positive zone with a sharp gain of Rs. 300 to an all-time high of Rs. 50,500 for buying and Rs. 50,600 for selling of 100 pieces.

In line with a general firming trend, gold of 99.9 and 99.5 per cent purity added Rs. 20 each to Rs. 20,980 and Rs. 20,860 per 10 grams, respectively.

However, sovereign continued to be asked at previous level of Rs. 16,900 per piece of eight grams.

More In: Markets | Business

Commodity prices

Take a look at the prices of various commodities in Chennai here»


O
P
E
N

close

Recent Article in Markets

In terms of total market capitalisation of all listed companies on the Bombay Stock Exchange, the overall investor wealth in the Indian stock market rose to Rs. 100.01 lakh crore on Friday morning. File photo

BSE market capitalisation tops Rs. 100 trillion

Investor wealth grows 10 times in a decade »