Gold edges up on local buying support; silver moves up

April 27, 2015 07:00 pm | Updated 07:00 pm IST - Mumbai

Standard gold (99.5 purity) advanced by Rs. 30 to settle at Rs. 26,685 per 10 grams from last Saturday’s level of Rs. 26,655. File photo

Standard gold (99.5 purity) advanced by Rs. 30 to settle at Rs. 26,685 per 10 grams from last Saturday’s level of Rs. 26,655. File photo

Gold prices gained marginally in thin trade at the domestic bullion market here on renewed local buying interest as well as festival and wedding-related uptick.

Silver also moved up due to increased demand from industrial users.

Standard gold (99.5 purity) advanced by Rs. 30 to settle at Rs. 26,685 per 10 grams from last Saturday’s level of Rs. 26,655.

Pure gold (99.9 purity) also added by a similar margin to end at Rs. 26,835 per 10 grams as against Rs. 26,805.

Silver (.999 fineness) rose by Rs. 70 to finish at Rs. 36,840 per kilo compared to Rs. 36,770 last weekend.

On the global front, the yellow-metal continued to trade near its lowest level in five weeks on investors caution ahead of the much awaited Federal Reserve policy meet this week despite amid Greece debt uncertainty.

Spot gold was bid up at USD 1,181.70 an ounce in early European trade, while silver quoted at USD 15.82 an ounce.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.