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Gold, silver book gains on firm global cues

Press Trust of India  |  Mumbai 

Gold prices rose for the second straight session today, gaining Rs 135 to Rs 27,895 per 10 grams at the bullion market here, tracking a firm global trend amid persistent buying by jewellers.

Silver too maintained its rising streak and gained Rs 650 per kg due to increased offtake from industrial units.

Standard gold (99.5 purity) climbed by Rs 135 to close at Rs 27,895 per 10 grams from Tuesday's closing level of Rs 27,760.

Pure gold (99.9 purity) rose by a similar margin at Rs 28,045 per 10 grams as compared to Rs 27,910 previously.

Silver (.999 fineness) shot-up by Rs 650 to settle at Rs 36,860 per kg as against Rs 36,210 yesterday.

Globally, gold held steady as investors awaited testimony from US Federal Reserve Chair Janet Yellen and central officials expressed caution about further hikes.

Spot gold rose 0.1 per cent to USD 1,218.46 per ounce at early trade.

Among other precious metals, silver rose 0.4 per cent to USD 15.84 per ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 18:28 IST