A similar trend was also noticed in silver prices as it touched 27-year high.
Marketmen said there was no physical buying in gold prices at existing higher levels but surging trend in global markets as crude oil reaching dizzy heights raised the concerns of inflation and boosted the demand for gold.
The yellow metal reached to record at 949.20 last night on the New York Mercantile Exchange and silver gained to 17.94 dollar an ounce, the highest since 1980, they added.
Standard gold and ornaments notched up further gain of Rs 175 each to Rs 12,215 and Rs 12,065 per 10 grams respectively. Sovereign followed suit and shot up to Rs 9,700 per piece of eight gram, a level never seen before.
In the silver section, silver ready rose further by Rs 160 at Rs 22,000 per kg on firming global trend and weekly-based delivery jumped up by Rs 400 at Rs 22,840 per kg.
Silver coins rose by Rs 100 at Rs 26,200 for buying and Rs 26,300 for selling of 100 coins.
India-growth Story | Ways4Forex | women-of-21stCentury| Ways2commodities| Ways2insurance| Ways2trade | Ways2Finance | Ways2fitness |Ways2health
Gold: Give Yourself The Edge Of Bullion
No comments:
Post a Comment