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Gold surges on higher global cues

Gold surges on higher global cues
PTI
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First Published: Fri, Apr 02 2010. 07 29 PM IST
Updated: Fri, Apr 02 2010. 07 29 PM IST
Mumbai: Gold prices surged at the bullion market on Friday on persistent buying by stockists amid strong global markets.
Silver continued to march forward on hectic speculative buying coupled with good industrial support.
Standard gold (99.5 purity) spurted by Rs105 per ten grams to end at Rs16,485 from its previous closing level of Rs16,380.
Pure gold (99.9 purity) also hardened by a similar margin of Rs105 per ten grams to finish at Rs16,570 from 16,465 previously.
Silver ready (.999 fineness) rose by Rs220 per kilo to conclude at Rs27,680 as against Rs27,460 previous day.
In New York, gold strengthened on the back of stronger global manufacturing data and drop in jobless pointing higher commodity demand.
Gold for June delivery up by $11.60, or 1%, to settle at $1,126.10 an ounce on the COMEX division of NYMEX.
Silver for May delivery added 36 cents, or 2.1% to end at $17.89 an ounce.
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First Published: Fri, Apr 02 2010. 07 29 PM IST
More Topics: Gold | Bullion | Silver | Commodity | Dollar |