rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Gold climbs to all-time high of Rs 30,550

Gold climbs to all-time high of Rs 30,550

Last updated on: June 14, 2012 16:04 IST

Gold climbs to all-time high of Rs 30,550

     Next

Next

Gold prices surged to an all-time high of Rs 30,550 per 10 gm in the national capital on Thursday on sustained buying by jewellers for the coming marriage season amid a firming global trend.

The gold on Thursday climbed Rs 130 level, surpassing its previous record level of Rs 30,420 set on Wednesday.

The yellow metal had gained Rs 920 in previous four trading sessions.

Silver also rose by Rs 100 to Rs 55,700 per kg on increased offtake by industrial units.

Click NEXT to read further. . .



Tags:

     Next

Gold climbs to all-time high of Rs 30,550

Prev     Next
Prev

Next

Sentiment remained firm after gold gained in global markets on speculation the Federal Reserve will take more steps to buoy the economy, potentially hurting the dollar.

Gold in global markets, which normally set price trend on the domestic front, rose 0.2 per cent to $1,619.63 dollar an ounce and silver by 0.5 per cent to $28.95 in London.

In addition, increased buying by stockists and jewellers for the coming marriage season and shifting of funds from weakening equity market to rising bullion further fuelled the uptrend in precious metals.

Click NEXT to read further. . .


Image: A customer tries on a gold necklace at a gold shop.
Photographs: Kham/Reuters

Prev     Next

Gold climbs to all-time high of Rs 30,550

Prev     More
Prev

More

On the domestic front, gold of 99.9 and 99.5 per cent purity advanced by Rs 130 each to Rs 30,550 and Rs 30,350 per 10 gm, respectively, a level never seen before.

Sovereign followed suit and added Rs 50 to Rs 24,350 per piece of eight gram.

Similarly, silver ready rose further by Rs 100 to Rs 55,700 per kg and weekly-based delivery by Rs 70 to Rs 55,240 per kg.

On the other hand, silver coins held steady at Rs 65,000 for buying and Rs 66,000 for selling of 100 pieces.

 

 


Image: A customer looks at gold bangles inside a jewellery showroom.
Photographs: Krishnendu Halder/Reuters
Tags:

Prev     More
© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.