Gold prices moves up on persistent demand

Aug 14, 2010 |

mumbai

Gold prices rose further at the bullion market here on Saturday on persistent local buying interest and demand from jewellers amid higher overseas advices.

Silver also edged up on mild demand from industrial users. Standard gold (99.5 purity) gained Rs 15 per 10 grams to finish at Rs 18,545 from Friday’s closing level of Rs 18,530.

Pure gold (99.9 purity) also looked up by a similar margin to settle at Rs 18,635 per 10 grams as against Rs 18,620 previously. Silver ready (.999 fineness) advanced further by Rs 35 per kilo to close at Rs 29,570 from Rs 29,535 on Friday.

In New York, gold for December delivery retreated 10 cents to $1,216.60 an ounce on the Comex Division of the NYMEX. Silver for September delivery was up 4 cents to $18.11 an ounce.

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