MUMBAI: Gold and silver advanced further at the domestic bullion market here on Saaturday on sustained buying by stockists and speculators amid rising global trend.
In overseas market, the precious metals rose in overnight trade over a weaker dollar and renewed concerns about Middle East and North African unrest as well as European debt crises.
Silver ready (.999 fineness) climbed by Rs 295 per kg to finish at Rs 58,000 from Friday's closing level of Rs 57,705 per kg.
Standard gold (99.5 purity) hardened by Rs 120 per 10 grams to end at Rs 22,565 from Rs 22,445 previously.
Pure gold (99.9 purity) also strengthened by a similar margin of Rs 120 per 10 grams to close at Rs 22,665 as against Rs 22,545 yesterday.
In New York, gold for August delivery gained USD 13.60 to USD 1,537.30 an ounce on the Comex division of the NYMEX.
July silver moved up by 53 cents to USD 37.86 an ounce.
No comments:
Post a Comment