HindustanTimes Thu,21 Aug 2014

Gold gains in listless trade, global cues

PTI  Mumbai, July 01, 2013
First Published: 19:10 IST(1/7/2013) | Last Updated: 19:18 IST(1/7/2013)

Gold prices gained further at the listless domestic bullion market today on modest offtake from investors and traders on the back of higher global cues.


On the other hand, silver eased following reduced speculative demand. Standard gold of 99.5% purity moved up by Rs. 25 to close at Rs. 25,800 per 10 gm from last Saturday's closing level of Rs. 25,775.

Pure gold of 99.9% purity also added Rs. 20 to end at Rs. 25,930 per 10 gm from Rs. 25,910.

However, silver ready (.999 fineness) declined by Rs. 85 to conclude at Rs. 41,125 per kg as against Rs. 41,210 last weekend. In overseas market, gold rose on continued investors buying after posting its biggest quarterly fall amid steady dollar as well as ahead of US economic data which could give more hint on easy monetary policy. In London, spot gold was bid up at USD 1,243.21 an ounce in early trade and silver bid higher at $19.74 an ounce.

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