Gold prices up on sustained buying

Apr 07 2014, 15:43 IST
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On the domestic front, gold of 99.9 and 99.5 per cent purity rose further by Rs 80 each to Rs 29,480 and Rs 29,280 per 10 grams, respectively. Reuters On the domestic front, gold of 99.9 and 99.5 per cent purity rose further by Rs 80 each to Rs 29,480 and Rs 29,280 per 10 grams, respectively. Reuters
SummaryGold prices rose further by Rs 80 to Rs 29,480 per 10 grams in the Delhi on sustained buying.

Gold prices rose further by Rs 80 to Rs 29,480 per 10 grams in the national capital today on sustained buying by stockists and retailers.

Silver also recovered by Rs 150 to Rs 43,630 per kg on emergence of buying by industrial units and coin makers.

Traders said fresh buying by stockists and retailers mainly led to rise in precious metal prices.

On the domestic front, gold of 99.9 and 99.5 per cent purity rose further by Rs 80 each to Rs 29,480 and Rs 29,280 per 10 grams, respectively. It had climbed by Rs 165 on Saturday's trade.

Sovereigns, however, lacked necessary buying support and lost Rs 100 at Rs 24,800 per piece of eight grams.

Silver ready recovered by Rs 150 to Rs 43,630 per kg while weekly-based delivery shed Rs 40 at Rs 42,930 per kg. The white metal had lost Rs 450 in last two trade.

On the other hand, silver coins remained steady at Rs 81,000 for buying and Rs 82,000 for selling of 100 pieces.

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