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:   
|

Gold rises for third day on sustained buying, global cues

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

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

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.

image

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.

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top