Quick view: Gold extends gains on sustained buying & firm global cues

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SummaryGold extended gains for the second straight session, rising R90 to R30,170 per 10 grams

Gold extended gains for the second straight session, rising R90 to R30,170 per 10 grams in New Delhi on Friday, on sustained buying by stockists amid a firming global trend. Silver snapped its two-day losing trend and recovered by R310 to R44,310 per kg on increased offtake by industrial units and coin-makers. In Mumbai, gold of 99.9% and 99.5% purity traded at R29,950 and R29,800 per 10 grams, respectively, while silver enquired at R45,000 per kg. Gold in Singapore, which normally sets the price trend on the domestic front, rose 0.8% to $1,238.15 an ounce and silver by 1% to $19.77 an ounce. On the domestic front, gold of 99.9% and 99.5% purity advanced by R90 each to R30,170 and R29,970 per 10 grams, respectively.

TN govt to soon float tenders for fish parks

The Tamil Nadu government would soon float tenders for setting up two fish processing parks in the state under the public-private partnership mode, state's fisheries minister KA Jayapal said Friday.

“I am happy to inform this august forum that the tenders for Fish Processing Park at Nagapattinam and Cuddalore under the public-private partnership mode will be published shortly,” Jayapal said.

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