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Gold, silver extend gains on jewelers buying, global cues
Globally, gold rose to a three-week high as the dollar index slid to a three-year low and stronger-than-expected inflation data this week boosted interest in the metal as a hedge against price pressures.
By
migrator
migrator
Mumbai
Continuing its rising streak for the fifth straight day, gold advanced by Rs 190 per 10 grams here today tracking a firm trend overseas and sustained demand from jewellery stockists.
Silver also edged higher by Rs 55 per kg on increased offtake by industrial units.
Standard gold (99.5 purity) surged by Rs 190 to finish at Rs 30,765 per 10 grams from yesterday's closing level of Rs 30,575.
Pure gold (99.9 purity) also rose by a similar margin to end at Rs 30,915 per 10 grams as compared to Rs 30,725 earlier.
Silver (.999 fineness) climbed by Rs 55 per kg to finish at Rs 38,710 from Rs 38,655 yesterday.
Globally, gold rose to a three-week high as the dollar index slid to a three-year low and stronger-than-expected inflation data this week boosted interest in the metal as a hedge against price pressures.
Spot gold was up 0.4 per cent at USD 1,358.83 an ounce at early trade.
Among other precious metals, silver was up 0.1 per cent at USD 16.89.
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