Gold gains in listless trade, global cues

Image
Press Trust of India Mumbai
Last Updated : Jul 01 2013 | 6:40 PM IST
Gold prices gained further at the listless domestic bullion market today on modest offtake from investors and traders on the back of higher global cues.
On the other hand, silver eased following reduced speculative demand.
Standard gold of 99.5 per cent purity moved up by Rs 25 to close at Rs 25,800 per 10 gm from last Saturday's closing level of Rs 25,775.
Pure gold of 99.9 per cent purity also added Rs 20 to end at Rs 25,930 per 10 gm from Rs 25,910.
However, silver ready (.999 fineness) declined by Rs 85 to conclude at Rs 41,125 per kg as against Rs 41,210 last weekend.
In overseas market, gold rose on continued investors buying after posting its biggest quarterly fall amid steady dollar as well as ahead of US economic data which could give more hint on easy monetary policy.
In London, spot gold was bid up at USD 1,243.21 an ounce in early trade and silver bid higher at USD 19.74 an ounce.
*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: Jul 01 2013 | 6:40 PM IST

Next Story