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Gold recovers by Rs95 at Rs15,320 on firm global cues

Gold recovers by Rs95 at Rs15,320 on firm global cues
PTI
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First Published: Fri, Mar 13 2009. 03 50 PM IST
Updated: Fri, Mar 13 2009. 03 50 PM IST
New Delhi: Snapping a three-day losing streak, gold prices on Friday recovered by Rs95 to Rs15,320 per 10 gram in the bullion market on emergence of buying by stockists influenced by firming global trend.
Buying activity in gold picked up following reports that the metal surged nearly $21 to $931 an ounce in New York last night, marketmen said.
The precious metal, which normally moves in tandem with the international trend, was in demand among stockists despite an off marriage and festival season, they said.
Standard gold and ornaments recovered by Rs95 each to Rs15,320 and Rs15,170 per 10 gram respectively and sovereign gained Rs50 to Rs12,400 per piece of eight gram.
A similar firm trend was noticed in white metal as silver ready recorded a gain of Rs100 to Rs21,800 per kg and weekly-based delivery moved up by Rs80 to Rs22,150 per kg.
However, silver coins held steady at Rs28,300 for buying and Rs28,400 for selling of 100 pieces.
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First Published: Fri, Mar 13 2009. 03 50 PM IST
More Topics: Commodities | Gold | Silver | Demand | Festival season |