Silver tracked the yellow metal and gained on good speculative demand.
Standard gold (99.5 purity) climbed up by Rs 140 to end at Rs 30,000 per 10 gm from Wednesday's closing level of Rs 29,860.
Pure gold (99.9 purity) advanced by Rs 135 to finish at Rs 30,145 per 10 gm as compared to Rs 30,010 yesterday.
Silver ready (.999 fineness) went-up by Rs 120 per kg to conclude at Rs 55,510 from Rs 55,390 previously.
In New York, gold surged after dismal US retail sales data, driving investors to the precious metal as safe-haven appeal amidst expectations of further quantitative easing by the Federal Reserve.
Gold for August delivery rose USD 5.60 to USD 1,619.40 an ounce on the Comex division of the NYMEX late yesterday.
Silver for July delivery ended lower by one cent at USD 28.94 an ounce.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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