Festive push to gold,silver
Gold in New York, which normally sets the price trend on the domestic front, rallied by USD 37.20 to USD 1,675.90 an ounce and silver by 2.46 per cent to USD 32.04 an ounce. Retailers buying for the ongoing festive season also supported the uptrend.
On the domestic front, gold of 99.9 and 99.5 per cent purity added another Rs 195 each to Rs 27,115 and Rs 26,975 per 10 grams, respectively. The metal had gained Rs 260 yesterday. Sovereigns followed suit and traded higher by Rs 50 to Rs 22,000 per piece of eight grams.
Similarly, silver ready remained in demand and advanced by Rs 400 to Rs 53,900 per kg and weekly-based delivery by Rs 405 to Rs 53,200 per kg, respectively. Silver coins also moved up by Rs 1,000 to Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.