For Quick Alerts
For Daily Alerts

    Gold Prices at Over Two-Week High on Global Cues, Jewellers Buying


    Extending Thursday's rise, gold prices rose by another Rs 75 to trade at over two-week high of Rs 27,200 per 10 grams at the bullion market on Friday, tracking a firming trend overseas and increased buying by jewellers.

    Silver, however, met with resistance at prevailing levels and fell by Rs 250 to Rs 37,050 per kg.

    Check gold rates in India

    Gold Prices at Over Two-Week High on Global Cues, Jewellers Buying

    Bullion traders said firming trend overseas where gold jumped to five-week high as weakening dollar raised demand for the precious metals and increased buying by jewellers mainly kept prices higher.

    Globally, gold in New York, which normally determine price trend on the domestic front, was higher by 1.43 per cent to $1,202 an ounce in Thursday's trade.

    In the national capital, gold of 99.9 per cent and 99.5 per cent purity advanced by Rs 75 each to Rs 27,200 and Rs 27,050 per 10 grams, respectively, a level last seen on June 4.

    It had climbed by Rs 195 on Thursday.

    Sovereign also rose by Rs 100 at Rs 23,400 per piece of eight grams. On the other hand, silver ready declined by Rs 250 to Rs 37,050 per kg and weekly-based delivery shed Rs 65 at Rs 36,935 per kg.

    Meanwhile, silver coins continued to be traded at previous level of Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.


    Read more about: gold silver dollar
    Story first published: Friday, June 19, 2015, 15:41 [IST]
    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