Premium
This is an archive article published on May 18, 2012

Gold,silver prices jump on speculation

Gold prices jumped at the domestic bullion market here today on sustained speculative demand from stockists and investors on the back of bullish global trend. Silver also zoomed on heavy stockist buying amidst industrial off-take.

google-preferred-btn

Gold prices jumped at the domestic bullion market here today on sustained speculative demand from stockists and investors on the back of bullish global trend.

Silver also zoomed on heavy stockist buying amidst industrial off-take.

Standard gold 99.5 purity rallied by Rs 670 to close at Rs 28,840 per 10 gm from Thursday8217;s closing level of Rs 28,170.

Pure gold 99.9 purity also galloped by Rs 680 to finish at Rs 28,980 per 10 gm from Rs 28,300.

Silver ready .999 fineness shot-up by Rs 1,385 per kg to end at Rs 54,085 as against Rs 52,700 previously.

In Europe,gold rose on strong euro amidst hectic short-covering as well as the precious metals once again returning to 8216;safe haven8217; tag.

Spot gold was bid higher at USD 1,587.46 an ounce in early trade,silver also bid up at USD 28.36 an ounce.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
BJP insiders said the outreach would be announced in the coming week and would be “structured to seek maximum impact down to the polling-booth level, especially in rural India” months before Assembly polls in West Bengal, Assam, Tamil Nadu and Kerala.
As Congress revives MGNREGA as a rallying cry, how BJP plans to fight back
Second Lieutenant Arun Khetarpal, Param Vir Chakra (posthumous), whose life has inspired the movie Ikkis.
‘Ikkis’ forever: The boy soldier who pleaded with his commander to go to war
Anurag Kashyap heaps praises on Ranveer Singh's Dhurandhar.
Anurag Kashyap heaps praise on Dhurandhar while disagreeing with its politics: 'Aditya Dhar is a Kashmiri Pandit who has suffered'
Jay Bhanushali and Mahhi Vij confirm divorce
Jay Bhanushali and Mahhi Vij announce divorce after 14 years of marriage: 'We chose peace over drama'
Deepinder Goyal that his introverted nature had proved to be lucky for him
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
In India, the supermoon was visible shortly after sunset, giving skywatchers a striking early-evening view.
Wolf Moon: the first supermoon of 2026 lights up night sky in Bhubaneswar and Guwahati; watch
Bangladesh's first three matches in the 2026 T20 World Cup are scheduled to be played in Kolkata while the last is slated to be hosted by Mumbai. (BCB Photo)
BCB told to get Bangladesh's T20 World Cup matches shifted out of India
Satwik
Badminton: With home titles proving elusive, India Open 2026 presents the country's top shuttlers with chance to prove big-match credentials
My wish for 2026 is that we somehow manage to get an Opposition party that will put the Modi government on the mat for its many failures on many, many fronts.(Illustration: C R Sasikumar)
My wish for 2026 is that we somehow manage to get an Oppn party
Maduro captured, flown out; US to run Venezuela: Trump
US capture of Venezuela’s Nicolas Maduro puts New Delhi in a bind
halo lips
The halo lip trend may go viral in 2026, but Indians have been doing it for years -- here's the desi hack
At the time, some researchers suggested the species could be the direct ancestor of modern humans, largely based on the position of the skull. (Image: Smithsonian)
Ancient ape fossils offer new clues to humanity’s first steps
Advertisement
Must Read
BCB told to get Bangladesh's T20 World Cup matches shifted out of India
Bangladesh's first three matches in the 2026 T20 World Cup are scheduled to be played in Kolkata while the last is slated to be hosted by Mumbai. (BCB Photo)
Badminton: With home titles proving elusive, India Open 2026 presents the country's top shuttlers with chance to prove big-match credentials
Satwik
Craig Fulton interview: 'With packed Pro League schedule, and World Cup-Asian Games block in mind, looking to select two separate groups'
Fulton
Ancient ape fossils offer new clues to humanity’s first steps
At the time, some researchers suggested the species could be the direct ancestor of modern humans, largely based on the position of the skull. (Image: Smithsonian)
Elon Musk’s X says users, not Grok, will be liable for illegal AI-generated content
Many users turn to AI chatbots like Grok and Ask Perplexity to verify claims circulating on X.
Tech giants are racing to embed AI in schools around the globe
The Directorate also advised schools not to wait until the last day for payment to avoid technical or procedural delays
The halo lip trend may go viral in 2026, but Indians have been doing it for years -- here's the desi hack
halo lips
Advertisement
Buzzing Now
'Nobody listened to me': Zomato CEO Deepinder Goyal recalls childhood bullying over skin tone and the ‘biggest hurt’ before his success
Deepinder Goyal that his introverted nature had proved to be lucky for him
Wolf Moon: the first supermoon of 2026 lights up night sky in Bhubaneswar and Guwahati; watch
In India, the supermoon was visible shortly after sunset, giving skywatchers a striking early-evening view.
‘Not a single piece of trash’: Video of spotless Kerala railway station platform goes viral; netizens applaud
kerala Railway station cleanliness
Delhi college students invite food delivery rider to join their New Year's house party: 'Pure Delhi energy'
Food delivery rider new year party in Delhi
Anand Mahindra says ‘I want my MTV’ as iconic music channels go off air after 44 years: ‘End of an era’
Anand Mahindra MTV
Jan 04: Latest News
Advertisement