Gold prices continue rally, up Rs 30 on high demand, global cues - Indian Express

PTI : New Delhi, Thu Jul 04 2013, 15:50 hrs Extending gains for the fifth straight session, gold prices today rose by Rs 30 to Rs 26,830. (Reuters) Extending gains for the fifth straight session, gold prices today rose by Rs 30 to Rs 26,830 per 10 grams in the national capital on increased buying by stockists and investors on the back of rising demand amid a firming global trend. Silver followed suit and advanced by Rs 150 to Rs 41,400 per kg on sustained buying by industrial units and coin makers. The sentiment remained firm on increased buying by stockists on the back of rising demand amid a firming global trend on speculation that political tension in Egypt and the debt crisis in Europe may spur demand for haven assets. Gold in Singapore, which normally sets the price trend on the domestic front, gained 0.4 per cent to USD 1,258.35 an ounce. On the domestic front, gold of 99.9 and 99.5 per cent purity remained in demand and added another Rs 30 each to Rs 26,830 and Rs 26,630 per 10 grams, respectively. The yellow metal had gained Rs 1150 in the previous four sessions. However, sovereigns remained steady at Rs 24,000 per piece of eight grams. In line with a general firm trend, silver recovered by Rs 150 to Rs 41,400 per kg and weekly-based delivery by Rs 235 to Rs 41,170 per kg. The white metal had shed Rs 50 yesterday. Silver coins also spurted by Rs 1000 to Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces. ALSO READ LG aims 10% smartphone market share, to invest Rs 80 cr by 2014 Indian rupee turns lower, RBI chief D Subbarao says no FX target Direct taxes code bill to be introduced during monsoon session: Finance Minister Indian rupee seen rising 4% in 12 months: poll Please read our terms of use before posting comments TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHVOifzMIRMBqdIYkx9KJV61PtIPg&url=http://www.indianexpress.com/news/gold-prices-continues-rally--up-rs-30-on-high-demand-global-cues/1137646/

Put the internet to work for you. via Personal Recipe 2910127