Gold regains Rs 17,000 level on fresh buying, firm global cues | business | Hindustan Times
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Gold regains Rs 17,000 level on fresh buying, firm global cues

business Updated: Apr 26, 2010 16:23 IST

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Gold prices rose by Rs 30 to regain the Rs 17,000-per ten grams level in the bullion market in New Delhi today on fresh buying on the back of a firming global trend.

Standard gold and ornaments moved up by Rs 30 each to trade at Rs 17,020 and Rs 16,870 per ten grams, respectively, while sovereign remained flat at Rs 14,050 per piece of eight grams.

Marketmen said fresh buying on reports of a firming global trend led to the rise in both gold and silver prices.

Gold in the overseas markets, which normally set the price trend on the domestic front here, rose by USD 15 to USD 1,155 an ounce in Asian trade this morning.

In line with the general firming trend, silver also gained Rs 100 to Rs 28,200 per kg on increased industrial offtake.

Silver ready rose by Rs 100 to Rs 28,200 per kg and weekly-based delivery by Rs 105 to 27,795 per kg.

However, silver coins held steady at Rs 33,600 for buying and Rs 33,700 for selling of 100 pieces.