1. Gold edges up on seasonal offtake, global cues

Gold edges up on seasonal offtake, global cues

Gold prices gained at the domestic bullion market on modest buying support from jewellery traders and retailers amid higher global advices.

By: | Mumbai | Published: May 9, 2015 8:21 PM
Gold PRICE

Pure gold (99.9 purity) also added by a similar margin to settle at Rs 27,080 per 10 grammes from Rs 27,030. (PTI)

Gold prices gained at the domestic bullion market on modest buying support from jewellery traders and retailers amid higher global advices.

Silver also moved higher on renewed industrial buying.

Standard gold (99.5 purity) firmed up by Rs 50 to end at Rs 26,930 per 10 grammes against Friday’s closing level of Rs 26,880.

Pure gold (99.9 purity) also added by a similar margin to settle at Rs 27,080 per 10 grammes from Rs 27,030.

Silver (.999 fineness) added by Rs 55 to finish at Rs 38,075 per kg against Rs 38,020 yesterday.

On the global front, the yellow-metal rose sharply after a four-session downtrend after the US job growth rebounded last month and the unemployment rate dropped to a near seven-year low, showing signs of positive growth momentum amid Fed rate hike uncertainty.

Gold for June delivery settled at USD 1.188.90 an ounce on the Comex division of the NYMEX late yesterday, while silver July contract ended at USD 16.465 an ounce.

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Tags: GoldSilver
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