ADVERTISEMENT

Gold rises for fourth day on global cues

Updated - May 23, 2016 04:03 pm IST

Published - April 25, 2014 04:35 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.

ADVERTISEMENT

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.

ADVERTISEMENT

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

This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
This is your last free article.

ADVERTISEMENT

ADVERTISEMENT