Gold Prices Rise On Seasonal Buying

Gold prices increased further on the bullion market on account of sustained buying by stockists and jewellery fabricators. The precious metal closed with a gain of Rs 80 at Rs 10,440 per ten gram in the market. The gold on Nov 12, fell by Rs 480 and gained Rs 410 per ten gram in next two trading sessions, strengthening the metal closer to its all-time high of Rs 10,700 per ten gram recorded on May 12, last year. In Singapore, gold gained $6.30 to $818.24 an ounce and silver advanced 0.8 per cent to $15.09. In Delhi, standard gold and ornaments rose by Rs 80 each at Rs 10,440 and Rs 10,290 per ten gram respectively. Sovereign was also higher by Rs 25 at Rs 8550 per piece of eight gram. Silver ready surged by Rs 200 at Rs 19,400 per kilo and weekly-based delivery by Rs 300 at 19,600 per kilo. Silver coins rose by Rs 100 at Rs 25,100 for buying and Rs 25,200 for selling of 100 pieces.