carao
09-11-2007, 08:13 PM
Both the precious metals, gold and silver, recovered on the first day of the Samvat year 2064 in a special Diwali Mahurat trading session on the bullion market here on Friday on renewed demand from stockists on the back of higher advices from New York. Local festival demand also boosted the market sentiment.
Standard gold (99.5 purity) hardened by Rs 20 per ten grams to Rs 10,625 from Rs 10,605 yesterday. Pure gold (99.9 purity) also looked up by Rs 15 per ten grams to Rs 10,670 from Rs 10,655 previously. Silver ready (.999 fineness) rose by Rs 175 per kilo to Rs 20,225 from Rs 20,050.
Gold futures firmed up in New York as speculative buying ensued on inflation fears and a weaker dollar, but the metal pared its gains later in the session. December gold rose $4 to $837.50 an ounce on the Comex division of the New York Mercantile Exchan ge. Comex December silver rose 19 cents to $15.515. Gold rose despite lower U.S. equities as traders bought the metal as a safe-haven investment
Standard gold (99.5 purity) hardened by Rs 20 per ten grams to Rs 10,625 from Rs 10,605 yesterday. Pure gold (99.9 purity) also looked up by Rs 15 per ten grams to Rs 10,670 from Rs 10,655 previously. Silver ready (.999 fineness) rose by Rs 175 per kilo to Rs 20,225 from Rs 20,050.
Gold futures firmed up in New York as speculative buying ensued on inflation fears and a weaker dollar, but the metal pared its gains later in the session. December gold rose $4 to $837.50 an ounce on the Comex division of the New York Mercantile Exchan ge. Comex December silver rose 19 cents to $15.515. Gold rose despite lower U.S. equities as traders bought the metal as a safe-haven investment