Business Standard

Gold rises for third day on sustained buying, global cues

However, silver held steady at Rs 58,000 per kg in restricted trading activities.

Related News

rose by Rs 90 to Rs 31,220 per 10 gm in the national capital today on sustained buying, driven by festival demand amid a firm Asian cues.

However, silver held steady at Rs 58,000 per kg in restricted trading activities.

Rising for the third day, the gold in the Asian region, which influence trading in the domestic markets here, advanced 1.2% to 1,657 dollar an ounce in Tokyo. Markets in the US and UK are closed today for Christmas Day.

Traders said sustained buying by stockists and retailers in view of Christmas festival amid a firm trend in the Asian region mainly kept gold higher for the third day.

On the domestic front, gold of 99.9 and 99.5% purity rose by Rs 90 each to Rs 31,220 and Rs 31,020 per ten grams respectively. The metal had gained Rs 260 in last two sessions. Sovereign remained steady at Rs 25,450 per piece of eight gram.

On the other hand, silver ready held steady at Rs 58,000 per kg while weekly-based delivery shot up by Rs 1315 to Rs 59,500 per kg on speculative buying.

Meanwhile, silver coin continued to be asked around previous level of Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

Read more on:   
|

Read More

Gold futures trade higher on global cues

Gold prices rose marginally by 0.15% to Rs 31,226 per 10 grams in futures trade today as speculators created fresh positions.

Quick Links

 

Market News

Sebi orders civil imprisonment of Vinod Hingorani for six months

He had defaulted on penalties of Rs 1.64 crore

Markets snap 5-day losing streak on Fed stance, economic reforms

The Sensex ended up 416 points at 27,127 and the Nifty advanced 130 points to close at 8,159.

Nifty ends above 8,150; Sensex up over 400 points

The Sensex provisionally ended higher by 416 points at 27,127 and the Nifty gained 130 points at 8,159

Autoline Industries soars 20% on stake sale plan in US arm

The board will meet on December 22, 2014, to consider and note status of transaction related to stake sale in the Autoline Industries Inc. USA, ...

Intellect Design Area up 5% on listing; Polaris zooms 16%

Intellect Design Arena, the demerged BFSI focused product company from Polaris, listed on the stock exchanges today.

Back to Top