Business Standard

Silver regains peak level of Rs 54,600; gold up by Rs 115

Read more on:    Gold | Silver Prices | Bullion Market
Related News

Silver regained its peak level by rising Rs 300 to Rs 54,600 per kg today on brisk buying for seasonal demand, amid a firm global trend. also surged Rs 115 to Rs 21,310 10 grams.

Silver recovered to the peak level last seen on March 10, as trading sentiments bolstered after precious metals came in demand in the global market in the aftermath of Japan's strongest earthquake and intensifying violence in Libya.

Besides, hectic buying by retail customers for the ongoing marriage season further fuelled the uptrend.

On the domestic front, silver ready surged Rs 300 to Rs 54,600 per kg and silver weekly-based delivery by Rs 40 to Rs 54,050 per kg.

However, silver coins dropped by Rs 500 to Rs 58,200 for buying and Rs 58,700 for selling of 100 pieces on reduced offtake at existing high levels. 

In line with a general firming trend, gold of 99.9 and 99.5 per cent purity shot up by Rs 115 each to Rs 21,310 and Rs 21,190 per 10 grams, respectively. Sovereigns also gained Rs 50 to Rs 17,500 per piece of eight grams in restricted deals.

Read more on:   
|
|

Read More

Gold dealers rush to set up refineries

Two per cent effective import duty gap between raw and refined gold to lead to Rs 900-cr investment

Quick Links

 

Market News

FTIL & MCX agree to terms of new tech deal

FTIL has agreed to reduce its annual maintenance charge by 40%

Today's picks- 21 August 2014

Nifty, Bank Nifty, Tata Power, IDFC & HCL Tech

Street patient for Infy while Sikka makes right moves

Analysts say no performance pressure on Sikka for at least two quarters

45% of rubber plantations 'aged': Study

The study was conducted by Automotive Tyre Manufacturers' Association

Zee Entertainment to replace United Spirits in Nifty

Company will be moved up to main index, effective from Sept 19, 2014

Back to Top