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22/05/2012 03:55 AST
Gold prices continued its fourth consecutive session rally to revisit the Rs 29,000-mark at the domestic bullion market here today on firm demand from stockists and investors amidst good off-take from retailers.
In contrast, silver witnessed profit-taking on speculative selling following reduced industrial demand.
Standard gold (99.5 purity) climbed by Rs 120 to close at Rs 29,110 per 10 gm from last Saturday's closing level of Rs 28,990.
Pure gold (99.9 purity) also rose by a similar margin of Rs 120 to finish at Rs 29,250 per 10 gm from Rs 29,130.
However, silver ready (.999 fineness) slipped by Rs 210 per kg to end at Rs 54,540 from Rs 54,750 last weekend.
In Europe, gold was trading flat following decline in euro amidst concerns over Greece's political uncertainty.
Spot gold was bid down at USD 1,591.50 an ounce in early trade and silver was bid lower at USD 28.42 an ounce.
The Economic Times
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 2,812.5 | -10.5 | -0.37 |
| Silver | 32.13 | -0.24 | -0.73 |
| Platinum | 981.75 | 12.5 | 1.29 |
| Palladium | 1,010.5 | 45 | 4.66 |
05/04/2018
Gold rose nearly 1 per cent on Wednesday as the dollar dipped and share markets faltered after China retaliated in kind to a US move to slap tariffs on $50 billion (Dh183.5 billion) worth of its impo
Gulf News
01/04/2018
Gold bulls are finding 2018 offers plenty of reasons to be cheerful. Bullion's wrapping up a third quarterly gain, a feat not seen since 2011, and exchange-traded fund holdings are near the highest
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Gold steadied on Thursday below a two-week high hit in the previous session as the dollar slid after the US Federal Reserve showed a less hawkish stance on rates than expected.
The Fed ra
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14/03/2018
Gold slipped on Tuesday, pressured by a firmer dollar and concern that US inflation data later in the day will be robust, strengthening the case for more US interest rate hikes.
Analysts po
Gulf News
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