Gold rises to Rs 21,020 on firm global cues, silver up by Rs 400

Mar 30, 2011 |

New Delhi

Tags:

Gold

Both the precious metals, gold and silver, moved up today on stockists and jewellers buying to meet the upcoming festival demand, amid a firming global trend. While gold rose by Rs 35 to Rs 21,020 per 10 grams, silver spurted by Rs 400 to Rs 56,000 per kg.

Trading sentiments turned better after gold advanced in London as fighting in Libya and concern about European debt spur demand for an alternative investment.

Gold in global markets, which normally sets price trend on the domestic front, rose by USD 2.80, or 0.2 per cent, to USD 1,421.30 an ounce.

Besides, stockists and jewellers enlarged their positions for the upcoming festival of 'Navratras', considered to be an auspicious fortnight for purchasing new things such as silver coins and jewellery.

On the domestic front, gold of 99.9 and 99.5 per cent purity rose by Rs 35 each to Rs 21,020 and Rs 20,900 per 10 grams, respectively. Sovereigns, remained stable at Rs 17,500 per piece of eight grams.

Similarly, silver ready rose further by Rs 400 to Rs 56,000 per kg and weekly-based delivery by Rs 375 to Rs 55,565 per kg.

Silver coins also surged by Rs 2,000 to new peak of Rs 61,500 for buying and Rs 62,000 for selling of 100 pieces.

Post new comment

<form action="/comment/reply/64776" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-d2679ae2edc579cd2797f68935f23dcc" value="form-d2679ae2edc579cd2797f68935f23dcc" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="81119563" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>