Gold gains for third day on festival buying support
Press Trust of India / New Delhi Aug 31, 2010, 15:17 IST
Gold rose for the third straight day today adding Rs 35 to trade at Rs 19,190 per ten gram in the bullion market here on sustained buying by stockists and jewellery fabricators.
However, silver lacked necessary follow up support from industrial units and coin makers at existing higher level and declined by Rs 175 to Rs 30.425 per kg.
Gold of 99.9 per cent and 99.5 per cent purity rose further by Rs 35 to Rs 19,190 and Rs 19,090 per ten grams respectively. Sovereigns remained steady at Rs 14,900 per kg in restricted buying.
On the other hand, silver ready which remained in demand in the last two trading sessions, met with resistance at higher levels and dropped by Rs 175 to Rs 30.425 per kg.
Silver weekly-based delivery also fell by Rs 220 to Rs 30,280 per kg on lack of speculator's support. Silver coins lost Rs 100 to Rs 34,700 for buying and Rs 34,800 for selling of 100 pieces.
Content Guide
Gold rose for the third straight day today adding Rs 35 to trade at Rs 19,190 per ten gram in the bullion market here on sustained buying by stockists and jewellery fabricators. 
