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Gold rises on firm global trend

Gold rises on firm global trend
PTI
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First Published: Thu, Feb 05 2009. 04 44 PM IST
Updated: Thu, Feb 05 2009. 04 44 PM IST
New Delhi: Amid firming global trend the Gold prices climbed by Rs105 to Rs14,185 per 10 gram on Thursday, on brisk buying for the current wedding season, in New Delhi.
The firming overseas trend influenced silver, too, which rose by Rs100 to Rs19,500 per kg.
The yellow metal, which gained a moderate ground on Wednesday, surged further as demand from stockists and jewellery fabricators continued to boost the market, traders said.
They said the upsurge was further fuelled on reports of the gold prices rising in the international market. In Hong Kong, the metal rose to $903 an ounce from $900.
Following the similar trend silver surged by Rs100 to Rs19,500 per kg and weekly-based delivery by Rs150 to Rs19,750 per kg. Silver coins also gained Rs100 at Rs27,900 for buying and Rs28,000 for selling of 100 pieces.
Standard gold and ornaments spiked up by Rs105 each to Rs14,185 and Rs14,035 per 10 gram, respectively. Sovereign gained Rs25 at Rs11,050 per piece of eight gram.
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First Published: Thu, Feb 05 2009. 04 44 PM IST
More Topics: Gold | Bullion | Commodity | Money | India |