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Tag: Gold price india

  • Gold price glitters an rises to Rs 27,600 strong global cues

    Gold price glitters an rises to Rs 27,600 strong global cues

    Gold regained its sheen with prices rising by Rs 360 to Rs 27,600 per ten grams in the national capital on Friday after it surged to two-week high in global markets amid increased demand from stockists.

    In addition, depreciating rupee in the forex market, which makes imports costlier, also influenced the prices.

    Silver also saw a hefty rise of Rs 900 to Rs 42,100 per kg on increased offtake by industrial units and coin makers.

    Sentiments turned bullish after gold rose to two-week high in global markets as concerns that a US recovery may be stalling and escalating tensions in Iraq boosted demand for the safe-haven, traders said.

    Gold in Singapore, which normally sets price trend on the domestic front, rose 0.2 per cent to USD 1,275.65 an ounce, the highest level since May 27 and silver by 0.5 per cent to USD 19.63 an ounce, the highest since May 26.

    In Delhi, gold of 99.9 and 99.5 per cent purity went up by Rs 360 each to Rs 27,600 and Rs 27,400 per ten grams, respectively, while sovereign gained Rs 100 to Rs 24,500 per piece of eight grams.

    In line with a general firm trend, silver ready spurted by Rs 900 to Rs 42,100 per kg and weekly-based delivery by Rs 770 to Rs 41,370 per kg.

    Silver coins also flared up by Rs 2,000 to Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

  • Gold price remains up on sustained buying; silver recovers

    Gold price remains up on sustained buying; silver recovers

    New Delhi: Gold prices advanced further by Rs 120 to Rs 30,250 per 10 grams in the national capital Thursday on sustained buying by stockists and jewellers to meet the ongoing marriage season demand.

    Silver also recovered by Rs 200 to Rs 43,200 per kg on increased offtake by industrial units.

    Bullion merchants said sustained buying by stockists and jewellers to meet the ongoing wedding season demand mainly kept gold prices higher.

    On the domestic front, gold of 99.9 and 99.5 percent purity advanced by Rs 120 each to Rs 30,250 and Rs 30,050 per 10 grams, respectively. It had gained Rs 130 yesterday.

    Sovereign continued to be asked at last level of Rs 25,000 per piece of eight grams.

    Silver ready recovered by Rs 200 to Rs 43,200 per kg and weekly-based delivery by Rs 210 to Rs 42,240 per kg. The white metal had lost Rs 900 in the previous two sessions.

    Meanwhile, silver coins maintained steady trend at Rs 81,000 for buying and Rs 82,000 for selling of 100 pieces.

  • Gold price tumbles by Rs 190 in Delhi on stockists selling

    Gold price tumbles by Rs 190 in Delhi on stockists selling

    Gold prices fell sharply in the national capital on Tuesday, falling Rs 190 to Rs 29,800 per 10 grams, extending Monday’s losses on continued selling by stockists.

    Traders said increased selling by stockists triggered by a weak global trend as a stronger dollar reduced the appeal of the precious metal as an alternative investment, mainly influenced the sentiment.

    In the global market, which normally set a price trend on the domestic front, gold fell by $9.60 to $1,572.70 an ounce, while silver by 0.18 per cent to $27.30 an ounce in New York in Monday’s trade.

    On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 190 each to Rs 29,800 and Rs 29,600 per ten grams, respectively. It had shed Rs 40 in the previous session. Sovereign remained flat at Rs 25,100 per piece of eight gram.

    On the other hand, silver ready after moving in a tight range on some support, held steady at Rs 52,200 per kg while weekly-based delivery inched up by Rs 20 to Rs 51,345 per kg.

    Silver coins continued to be traded at last level of Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.