• At a 19-month high, it is the longest winning streak for the yellow metal this year.
  • Moreover, a weaker rupee against the dollar that made the import costlier, led to the rise in gold prices.
  • The rupee was quoting lower by 30 paise to 68.15 against the dollar (intra-day) at the forex market today.
  • Silver, however, met with resistance at prevailing levels and eased by Rs 130 to Rs 37,100 per kg.
  • Globally, gold rallied 1.5 percent to USD 1,214.64 an ounce, the highest since May 22 in Singapore.
  • Moreover, increased buying by jewellers and retailers driven by the ongoing wedding season demand, supported the upsurge, they said.
  • In the national capital, gold of 99.9 and 99.5 percent purity climbed by Rs 215 each to Rs 28,800 and Rs 28,650 per ten grams respectively, a level last seen on August 14, 2014.
  • The precious metal had gained Rs 1,535 in last nine sessions.
  • Market remained closed yesterday because of the traders' protest against government's decision to make PAN card mandatory for transactions of Rs 2 lakh and above.
  • Sovereign, however, declined by Rs 100 to Rs 22,800 per piece of eight grams.
  • On the other hand, silver ready fell by Rs 130 to Rs 37,100 per kg and weekly-based delivery by Rs 40 to Rs 37,160 per kg.
  • Silver coins held steady at Rs 53,000 for buying and Rs 54,000 for selling of 100 pieces.

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