Gold shot up in the domestic market after international prices increased on news of positive non-farm payroll data that was announced in the US late evening.
 
Gold (.995 purity) jumped by Rs 60 to Rs 6,030.00 from Rs 5,970 per 10 gram, while the gold of .999 purity ended at Rs 6,065 from Rs 6,005 yesterday. Silver too followed the trail and rose to Rs 11,000.00 per kg from Rs 10,970.00 yesterday.
 
The international prices of gold spurted by around $7 per troy ounce in a single day on the New York Mercantile Exchange's Comex. The spot London Gold fix too closed at $423.2(AM) from $417.20(AM) yesterday.
 
In the futures market, activity picked up with prices closing higher and positive open interest in both the metals.
 
On the Multi Commodity Exchange, the price of gold on the August contract rose to Rs 6,109.00 from Rs 6,095.00 yesterday.

 
 

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First Published: Jun 04 2005 | 12:00 AM IST

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