Gold regains Rs 28,000 mark on seasonal demand, global cues

Continuing its rising streak for the third consecutive day, gold crossed the Rs 28,000 level after over four months by gaining Rs 100 at the bullion market in the national capital today.



The precious metal rose to Rs 28,080 per ten grams largely on the back of sustained buying by jewellers and retailers to meet ongoing wedding season demand amid a firming global trend.



Silver, however, fell by Rs 45 to Rs 39,100 per kg owing to subdued demand at prevailing levels.



Globally, gold shot up by $ 17.70, or 1.40 per cent to $ 1,280.30 an ounce in New York on Friday.



In Delhi, gold of 99.9 and 99.5 per cent purity gained another Rs 100 each to Rs 28,080 and Rs 27,880 per ten gram respectively, a level last seen on September 2. The precious metal has gained Rs 660 in the previous two days.



Silver ready fell by Rs 45 to Rs 39,100 per kg and weekly-based delivery by Rs 90 to Rs 39,070 per kg.



Silver coins remained steady at Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.



Real Time News & Trading Trends Keep Liking #EpicResearch



Facebook – Twitter – YouTube – Pinterest –Linkedin – Google+



For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH

Posted in: Indian Market Tips