New Delhi: Gold prices regained the crucial level of Rs 29,000 per 10 gram, shooting up by Rs 700 — its biggest single day gain this year — in the bullion market here on Friday on strong cues from overseas market.
Gold of 99.9 and 99.5% purity gained Rs 700 each at Rs 29,320 and Rs 29,180 per 10 grams, respectively. Sovereign followed suit and rose by Rs 100 to Rs 23,750 per piece of eight grams. Silver ready gained Rs 1,400 to Rs 54,000 per kg and weekly-based delivery rose by Rs 1,200 to Rs 53,750 per kg.
Silver jumped by Rs 3,000 to Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.
Traders said sentiment turned bullish after gold rose by 0.9% to $1,587.85 in London as concerns over deepening Eurozone debt crisis spurred the demand for the metal. AGENCIES
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