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Source: media reports

Gold on upward march, adds another Rs150

Gold on upward march, adds another Rs150
PTI
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First Published: Tue, Apr 14 2009. 04 29 PM IST
Updated: Tue, Apr 14 2009. 04 29 PM IST
New Delhi: Gold prices continued to rise for the fourth straight session by adding Rs150 to Rs14,670 per 10 gram in the national capital on sustained buying by jewellers to meet the current marriage season demand amid firming Asian trend.
Silver also surged by Rs450 to Rs21,400 per kg.
Buying activity remained as earlier as the metal prices strengthened further in Asia, a major driving force for gold, on speculation that the stimulus package might control eepening world economic crisis.
Beginning of the current marriage season further fuelled the uptrend.
Silver also attracted brisk buying support from stockists and industrial units and recorded a handsome gain of Rs450 to Rs21,400 per kg.
In the Asian region, the precious metal rose by 0.6% to $898.92 an ounce.
Standard gold and ornaments, which had gained Rs135 each in last three tradings, added another Rs150 each to Rs14,670 and Rs14,520 per 10 gram respectively. Sovreign also gained by Rs100 to Rs12,400 per piece of eight gram.
Silver ready rose by Rs 450 to Rs21,400 per kg and weekly-based delivery by Rs400 to Rs21,100 per kg. Silver coins gained Rs200 to Rs28,100 for buying and Rs28,200 for selling of 100 pieces.
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First Published: Tue, Apr 14 2009. 04 29 PM IST