For Quick Alerts
For Daily Alerts

    Gold Extends Gains on Positive Global Cues, Seasonal Buying

    By Super

    New Delhi, Apr 29 (PTI) Riding high on firming global trend and marriage season demand, gold extended its yesterday's gains by rising Rs 65 to trade at Rs 27,420 per ten grams at the bullion market today.

    Silver also rose further by Rs 100 to Rs 37,600 per kg on pickup in demand from industrial units and coin makers.

    Gold Extends Gains on Positive Global Cues, Seasonal Buying

    Traders said apart from a firming trend overseas, increased buying by jewellers, driven by marriage season, mainly kept the precious metal prices higher.

    Gold in New York, which normally determines price trend on the domestic front, rose by 0.84 per cent to USD 1,211.80 an ounce in yesterday's trade ahead of outcome of the US Federal Reserve two-day meeting later today.

    Silver also up by 1.25 per cent to USD 16.61 an ounce. In the national capital, gold of 99.9 and 99.5 per cent purity added another Rs 65 each to Rs 27,420 and Rs 27,270 per 10 gram respectively.

    The precious metal had surged by Rs 305 in the previous session. However, sovereign continued to be enquired at last level of Rs 23,700 per piece of eight gramme in limited deals.

    Following gold, silver ready traded higher by Rs 100 to Rs 37,600 per kg and weekly-based delivery by Rs 235 to Rs 37,290 per kg.

    On the other hand, silver coins remained steady at Rs 56,000 for buying and Rs 57,000 for selling of 100 pieces. 


    Read more about: gold silver
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more