New Delhi: Gold surged for the sixth straight day today, soaring by Rs 95 to trade over five-month high of Rs 27,670 per ten grams on positive global cues and wedding season demand.
- Silver also extended the gains for the third day and added Rs 100 to Rs 35,800 per kg following increased off-take by industrial units and coin makers.
- Marketmen said a firming global trend as the dollar extended losses amid fading expectations of a US rate hike this year, boosting appeal of the precious metal, mainly kept gold prices higher.
- Globally, gold was trading higher at USD 1,155.95 an ounce in Singapore. The precious metal ended higher by 1.14 percent to USD 1,155.40 an ounce in New York in yesterday's trade.
- In the national capital, gold of 99.9 and 99.5 percent purity rose further by Rs 95 each to Rs 27,670 and Rs 27,520 per ten grams respectively. It had gained Rs 525 in last five days.
- Sovereign, however, remained steady at Rs 22,600 per piece of eight grams.
- Tracking gold, silver ready edged up by Rs 100 to Rs 35,800 per kg and weekly-based delivery by Rs 225 to Rs 35,825 per kg.
- On the other hand, silver coins held steady at Rs 52,000 for buying and Rs 53,000 for selling of 100 pieces.
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