Gold recovers by Rs300 on fresh demand

Gold recovers by Rs300 on fresh demand
Comment E-mail Print Share
First Published: Fri, Mar 21 2008. 03 53 PM IST
Updated: Fri, Mar 21 2008. 03 53 PM IST
PTI
New Delhi: In restricted trading, gold staged a strong recovery by gaining Rs300 at Rs12,300 per ten grams on the bullion market on 21 March, on revival of buying by stockists at existing lower levels.
Gold, which recorded a steepest fall of Rs1,110 in previous day’s trading, bounced back as stockists and jewellery fabricators bought the metal. However, the silver market remained closed for ‘Holi’ festival.
Global trends, which normally set a price band here in domestic market, did not impact prices as markets closed on account of “Good Friday”.
Standard gold and ornaments met with fresh demand and recovered by Rs300 each at Rs12,300 and Rs12,150 per ten grams respectively. However sovereign declined by Rs200 at Rs10,000 per piece of eight gram.
The bullion market will remain closed tomorrow on account of “Holi”.
Comment E-mail Print Share
First Published: Fri, Mar 21 2008. 03 53 PM IST
More Topics: Bullion | Gold | Silver | Holi | Money Matters |