Gold prices shoot up by Rs 80

MUMBAI, SEPT 25: A smart rise of Rs 80 per ten gram in gold prices featured trading on the bullion market here today. Silver, on the other hand, turned weak on poor demand.

Standard gold started sharply higher at Rs 4140 as against the previous close of Rs 4150 and shot up further steeply influenced by firm overseas advices due to heavy buying by funds in the international market and closed at Rs 4230, showing a big rise of Rs 80 over the last close. 22 carat gold showed a smart rise of Rs 70 when it was nominally quoted at Rs 3910 as against the last close of Rs 3840. Ten tola gold bar .999 purity firmed up by Rs 800 to end at Rs 49,400 from the previous close of Rs 48,600. Traders attributed the bullish trend in gold prices to higher rates prevailing on LSE.