Business Standard

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

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

Gold futures up marginally on global cues

Investors build fresh positions ahead of Federal Reserve meet today

Mastek zooms 25% in two days on demerger plan

The company on Monday announced the demerger of its insurance products and services business into a new company called Majesco.

Sensex hovers around 26,800; ONGC, Tata Motors top losers

Main losers on the Sensex are ONGC, Tata Motors, Axis Bank, HDFC, Sesa Sterlite and GAIL

Tata Motors declines on weak global sales

Tata Motors dipped 1% after global wholesales in August 2014 stood at 73,524 units showing a declination of 10%

Venus Remedies tanks on profit bookings

The stock tanked 12% after surged 36% in past nine trading sessions.

Back to Top