Business Standard

Gold, silver extend gains for 2nd day

Image

Press Trust of India Mumbai
Gold extended its winning run for the second straight day at the bullion market here today on persistent local demand amid higher global cues.

Standard gold (99.5 purity) jumped by Rs 175 to finish at 29,135 per 10 grams from yesterday's closing level of Rs 28,960.

Pure gold (99.9 purity) also firmed up by the same amount to end at Rs 29,285 per 10 grams as compared to Rs 29,110 earlier.

Silver (.999 fineness) rose further by Rs 300 to end at Rs 39,300 per kilo against Rs 39,000 previously

In the overseas market, gold prices scored back-to-back gains yesterday as weakness in the US equities boosted haven demand for the precious metal.
 

Gold for December delivery rose by USD 9.50 to settle at USD 1,292.40 an ounce after touching a high of USD 1,296.

Silver for September rose to USD 17.05 an ounce.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 18 2017 | 6:07 PM IST

Explore News