Gold Strengthens, Silver RecoversMumbai, Jan 6: Gold prices gained further at the domestic bullion market today on firm demand from stockists and investors fuelled by extended rally in global markets.Silver also recovered moderately on speculative buying.Standard gold of
Mumbai, Jan 6: Gold prices gained further at the domestic bullion market today on firm demand from stockists and investors fuelled by extended rally in global markets.
Silver also recovered moderately on speculative buying.
Standard gold of 99.5 per cent purity rose by Rs 50 to settle at Rs 27,740 per 10 grams from Thursday's close of Rs 27,690.
Pure gold of 99.9 per cent purity also went up by a similar margin to end at Rs 27,870 per 10 grams from Rs 27,820 yesterday.
Silver ready (.999 fineness) climbed up by Rs 175 per kg to close at Rs 52,575 from Rs 52,400 previously.
In overseas markets, gold extended the gains on heavy buying, though higher dollar kept some pressure on the yellow metal.
In New York, gold for February delivery advanced by USD 7.40 to 1,620.10 an ounce on the Comex division of the NYMEX late yesterday.
March silver added 20 cents to USD 29.30 an ounce.