MUMBAI: Gold prices advanced at the bullion market here on Thursday on sustained jewellery offtake and stockists buying amid a firming trend in overseas markets.
Silver continued to surge on the basis of consistent speculative as well as industrial demand.
Standard gold of 99.5 per cent purity spurted by Rs 150 to end at Rs 27,690 per 10 grams from Wednesday's close of Rs 27,540.
Pure gold of 99.9 per cent purity also climbed by Rs 155 to finish at Rs 27,820 per 10 grams from Rs 27,665. Silver ready (.999 fineness) hardened by Rs 290 per kg to conclude at Rs 52,795 from Rs 52,505 yesterday.
In Europe, gold rose on higher euro following Spanish bond auction, though the gains were capped on uncertainty ahead of ECB meet on interest rate later. Spot gold was quoted higher at USD 1,650.34 an ounce in early trade.
Silver spot was up at USD 30.32 an ounce.
Full article here:
http://economictimes.indiatimes.com/markets/commodities/gold-advances-on-global-cues-silver-strengthens/articleshow/11463664.cms
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