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Gold regains Rs 28k level on firm global cues; silver up

PTI 17 Jun 2014, 16:16:35 IST
New Delhi: Continuing its rising streak for the sixth session in a row, gold regained the Rs 28,000-mark by rising Rs 240 in the national capital today amid a firming global trend.

In addition, depreciating rupee which again dipped below the 60-level against the dollar, making import of precious metals expensive, also influenced the sentiment.  Silver also gained for the third-day and jumped by Rs 500 to Rs 43,000 per kg on increased offtake by industrial units and coin makers.

Traders said sentiments remained firm after gold climbed to almost three-week high in global markets as escalating violence in Iraq spurred demand for the safe-haven.  They said hike in import tariff value on gold and silver also influenced bullion prices.