Gold price rises by Rs 135 on firm demand,silver dips Rs 80

Gold prices strengthened at the domestic bullion market today on good demand from stockists and investors on the back of higher global cues.

Written by Agencies | Mumbai | Published: April 10, 2012 8:57 pm

Gold prices strengthened at the domestic bullion market today on good demand from stockists and investors on the back of higher global cues.

Meanwhile,silver remained bearish on continued speculative selling.

Standard gold of 99.5 per cent purity surged by Rs 135 to end at Rs 28,120 per 10 grams from Monday’s closing level of Rs 27,985.

Pure gold of 99.9 per cent purity also climbed by similar margin of Rs 135 per 10 grams to close at Rs 28,250 from Rs 28,115.

However,silver ready (.999 fineness) slipped by Rs 80 per kg to conclude at Rs 56,150 as against yesterday’s close of Rs 56,230.

In New York,gold rose on safe-haven buying amidst negative US jobs data.

Spot gold for June delivery up by USD 13.80 to USD 1,643.90 an ounce on the Comex division of NYMEX late yesterday. While silver for May delivery ended lower by 21 cents to USD 31.52 an ounce.

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