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Gold extends gains, silver tops Rs 38,000

Press Trust of India  |  Mumbai 

Rising for the third day in a row, gold prices climbed by another Rs 135 to Rs 30,210 per 10 grams here today, tracking a firm trend overseas and increased buying by local jewellers.

Silver recaptured the Rs 38,000-mark on increased offtake from industrial units.

Standard gold (99.5 purity) climbed by Rs 135 to end at Rs 30,210 per 10 grams from its Monday's close of Rs 30,075.

(99.9 purity) also rose by a similar margin to finish at Rs 30,360 per 10 grams compared to Rs 30,225 previously.

Silver (.999 fineness) surged by Rs 260 to settle at Rs 38,185 per kg as against Rs 37,925 earlier.

The market remained closed yesterday for 'Mahashivratri'.

Globally, Gold rose for a third day, pulling further away from last week's one-month low as the dollar wilted ahead of US inflation data due later in the day.

Spot gold was up 0.1 per cent at USD 1,330.96 an ounce at early trade.

Among other precious metals, silver was up 0.1 per cent at USD 16.57 an ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 18:05 IST