Gold zooms to 3-wk high; up Rs 610 on strong global cues

Jul 11, 2013

Tags:

New Delhi: Gold prices zoomed to three weeks high by surging Rs 610 to Rs 27,325 per 10 grams in the national capital today on brisk buying by stockists and investors driven by strong cues from global markets.
The precious metal spurted to regain Rs 27,000 level after June 24 as it rose in global markets following Federal Reserve Chairman Ben S Bernanke backed sustained stimulus for the for some time. Gold in Singapore, which normally sets the price trend on the domestic front advanced 3.1 per cent to USD 1,298.73 an ounce.
With the general firming trend, silver jumped up by Rs 1,400 to Rs 41,750 per kg on increased offtake by industrial units and coin makers. The dollar-price precious metals also received support as the American currency fell against the Euro and Japanese yen in global forex markets, boosting lure for the gold and silver as an alternate investment.
On the domestic front, gold of 99.9 and 99.5 per cent purity shot up up by Rs 610 each to Rs 27,325 and Rs 27,125 per 10 grams, respectively. Sovereigns shot up by Rs 200 to Rs 24,200 per piece of eight grams.
Silver ready and weekly based delivery spurted by Rs 1,400 each to Rs 41,750 and Rs 41,700 per kg, respectively. Silver coins too spurted by Rs 2000 to Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.

Post new comment

<form action="/comment/reply/241942" 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-f4d5788b1b64eb60e1a5c9d07aabbe67" value="form-f4d5788b1b64eb60e1a5c9d07aabbe67" /> <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="85625846" /> <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>