5:21 pm - Tuesday November 3, 2015

Gold surges by Rs.480 to reclaim Rs.27,000 mark

48 Viewed Alka Anand Singh Comments Off on Gold surges by Rs.480 to reclaim Rs.27,000 mark
15TH_GOLD_1428839f

New Delhi: With the wedding and festive season fast approaching, the days of cheaper gold prices seems to be over as the precious metal climbed back to Rs.27,000 mark on Friday.

After registering a decline recently, prices shot up by Rs.480 to touch Rs.27,180 at the bullion market. Silver also picked up well and rose by Rs.200 to touch Rs.36,500 per kg due to increased demand from industrial units and coin makers.

In New Delhi, gold of 99.9 percent and 99.5 percent purity went up by Rs.480 to touch Rs. 27,180 and Rs.27,030 mark respectively.

Bullion dealers said the import of gold and silver had become costlier with the rupee depreciating to a 2-year-low. Furthermore, increased demand in golden jewellery across the country was noticed in the period during which prices of gold remained low.

This resulted in jewellers buying gold significantly to meet the increased demand.

Silver coins have spurted by Rs.1,000 to Rs.52,000 for buying and Rs.53,000 for selling of 100 pieces.

Click here to submit your review.


Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
gold_ap_2290430f

Gold Tumbles to More Than Five-Year Low, China Shares Eke Out Gains

Women look at jewellery at a shop in a gold market in Basra, southeast of Baghdad

Gold tops Rs 27,000-mark on global cues, seasonal demand

Related posts