Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Gold rises further on seasonal demand, global cues
BackBack

Gold rises further on seasonal demand, global cues

Gold of 99.9 and 99.5% purity advanced by Rs105 each to Rs31,825 and Rs31,625 per ten gram respectively

Gold in New York, which normally sets price trend on the domestic front, rose by $5 to $1587.30 an ounce. Photo: Hindustan TimesPremium
Gold in New York, which normally sets price trend on the domestic front, rose by $5 to $1587.30 an ounce. Photo: Hindustan Times

New Delhi: Amid rising wedding season demand and firm global trend, gold prices rose further by Rs105 to Rs31,825 per ten gram while silver remained steady at Rs48,000 per kg in the national capital on Friday.

Traders said pick up in gold demand for wedding season amid a firm global trend mainly helped the prices to gain further ground.

Gold in New York, which normally sets price trend on the domestic front, rose by $5 to $1587.30 an ounce.

On the domestic front, gold of 99.9 and 99.5% purity advanced by 05 each to 1,825 and 1,625 per ten gram, respectively. It had gained 220 on Thursday.

Sovereign, however, held steady at 25,300 per piece of eight gram.

Silver ready remained steady at Rs48,000 per kg while weekly-based delivery fell further by Rs200 to Rs47,000 per kg.

Silver coins continued to be asked at last level of Rs86,000 for buying and Rs87,000 for selling of 100 pieces.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 15 Nov 2013, 03:38 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App