New Delhi: Gold prices again zoomed past the Rs 27,000-level by surging Rs 380 to close at a three-month high of Rs 27,130 per 10 grams at the bullion market today, tracking a firm trend overseas and increased buying by jewellers to meet the ongoing wedding season demand.
Moreover, a weaker rupee against the dollar that made the import costlier, led to rise in gold prices.
- The rupee was quoting lower by 20 paise to 68.03 against the dollar (intra-day) at the forex market today.
- Silver followed suit and recaptured the Rs 35,000-mark by surging Rs 760 to Rs 35,260 per kg on increased off-take by industrial units and coin makers.
- Gold in New York, which normally determines price trend on the domestic front, climbed 1.07 percent to USD 1,119.70 an ounce in New York in yesterday's trade.
- In the national capital, gold of 99.9 and 99.5 percent purity surged by Rs 380 each to Rs 27,130 and Rs 26,980 per ten grams respectively, a level last seen on October 29 last year.
- Sovereign also moved up by Rs 100 at Rs 22,500 per piece of eight grams.
- Following gold, silver ready surged by Rs 760 to Rs 35,260 per kg and weekly-based delivery by Rs 925 to Rs 35,270 per kg.
- On the other hand, silver coins spurted by Rs 2,000 to Rs 51,000 for buying and Rs 52,000 for selling of 100 pieces.
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