Thursday, January 15, 2009

Gold Recovers - Jan 15, 2009

Gold on Wednesday recovered yesterday by rising Rs 50 at Rs 13,200 per 10 gram in the national capital backed by festival buying amid firming global trend. Gold rose on the back of fresh buying by retail customers for the ''Makarsankranti'' festival. However, the yellow metal in Singapore rose 0.6 per cent at 826.74 dollar an ounce while the silver added 0.5 per cent to 10.81 dollar an ounce.

On the other hand, the silver also grew by Rs 130 to Rs 18,050 per kg. The silver ready inched up by Rs 130 to Rs 18,050 per kg and the weekly-based delivery by Rs 100 at Rs 17,860 per kg. In line with this, the silver coins also grew by Rs 100 at Rs 26,900 for buying and Rs 27,000 for selling of 100 pieces. On the top of this, the standard gold and ornaments inched up by Rs 50 each at Rs 13,200 and Rs 13,050 per 10 gram respectively.

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