After a day of bearish trend, gold retained its peak level of Rs 11,920 on the bullion market here Thursday on positive cues from global markets. Marktmen said a declining dollar, particularly after the second rate cut by the US Federal Reserve on Wednesday, boosted the demand for the precious metal. As it goes in the trading circles, gold and dollar move in opposite directions.
In Delhi bullion, where the rats move in tandem with the global trends, the prices rose by Rs 20 to its all-time high level of Rs 11,920 last seen on Jan 29. The metal in London rose to $923.10 from its previous level of $920. Silver also attracted fresh buying activity and finished in positive territory. Silver weekly based delivery jumped up by Rs 100 at Rs 21,500 per kilo while silver ready ruled flat Rs 20,800 per kilo in limited deals.
Silver coins too were traded higher by Rs 100 at Rs 25,700 and Rs 25,800 per piece of 100 coins. Standard gold and ornaments rose by Rs 20 each at Rs 11,920 and Rs 11,770 per 10 grams respectively. Sovereign also set a record high of Rs 9,400 per piece of eight gram, by gaining Rs 100.
In Delhi bullion, where the rats move in tandem with the global trends, the prices rose by Rs 20 to its all-time high level of Rs 11,920 last seen on Jan 29. The metal in London rose to $923.10 from its previous level of $920. Silver also attracted fresh buying activity and finished in positive territory. Silver weekly based delivery jumped up by Rs 100 at Rs 21,500 per kilo while silver ready ruled flat Rs 20,800 per kilo in limited deals.
Silver coins too were traded higher by Rs 100 at Rs 25,700 and Rs 25,800 per piece of 100 coins. Standard gold and ornaments rose by Rs 20 each at Rs 11,920 and Rs 11,770 per 10 grams respectively. Sovereign also set a record high of Rs 9,400 per piece of eight gram, by gaining Rs 100.
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