Gold edges up on improved buying; silver rallies

Image
Press Trust of India Mumbai
Last Updated : Dec 12 2014 | 6:50 PM IST
Gold prices gained marginally at the domestic bullion market today owing to better retail and investment offtake despite lacklustre overseas sentiment.
Elsewhere, silver surged ahead to close at its highest level in two-and-a-half months on the back of heavy industrial demand.
Standard gold (99.5 purity) moved up by Rs 15 to end at Rs 26,890 per 10 grams from Thursday's closing level of Rs 26,875.
Pure gold (99.9 purity) rose by a similar margin to finish at Rs 27,040 per 10 grams as against Rs 27,025.
Silver (.999 fineness) jumped by Rs 230 to conclude at Rs 38,785 per kg as compared to Rs 38,555 yesterday.
In worldwide trade, the yellow metal dropped further on selling by investors after overnight upbeat US retail sales data as well as a strengthened dollar value.
Spot gold was trading lower at USD 1,221.00 an ounce in early European trade.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 12 2014 | 6:50 PM IST

Next Story