New Delhi: Rising for the third straight day, gold today advanced by Rs 115 to trade at over three-month high of Rs 27,300 per ten grams on persistent buying by jewellers to meet the wedding season demand, amid a firming trend overseas.
- Silver eased by Rs 60 to Rs 34,870 per kg due to reduced off-take by industrial units and coin makers.
- Bullion traders said apart from a firming global trend where gold soared to a three-month high, pick-up in buying by jewellers to meet the ongoing wedding season demand mainly upped the sentiment here.
- Gold in Singapore, which normally determines price trend on the domestic front, gained 0.2 percent to USD 1,130.50 an ounce, the highest since November 3 last year.
- In the national capital, gold of 99.9 and 99.5 percent purity rose further by Rs 115 each to Rs 27,300 and Rs 27,150 per ten grams respectively, a level last seen on October 21 last year. The precious metal had gained Rs 135 in the previous two days.
- Sovereign also edged up by Rs 50 at Rs 22,550 per piece of eight grams.
- On the other hand, silver ready fell by Rs 60 to Rs 34,870 per kg, while weekly-based delivery inched up by Rs 15 to Rs 34,735 per kg.
- Silver coins, however, continued to be traded at last level of Rs 50,000 for buying and Rs 51,000 for selling of 100 pieces.
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