The gold prices strengthened on the bullion market on June 17 on the back of persistent local demand amidst higher global advices. While on the other hand, the silver dipped further in the absence of demand from industrial users. The Gold futures in New York firmed up for the first session due to the weakening of dollar following U.S. economic data, increasing gold''s investment appeal.
On the Comex division of the New York Mercantile Exchange, August gold gained by $4.70 to close at $932.20 an ounce. The June also gained by $4.00 to $931.60 an ounce.
Moreover, in the domestic market, the standard gold (99.5 purity) shot up by Rs 20 per ten grams to Rs 14,490 from previous closing level of Rs 14,470.
The pure gold (99.9 purity) also grew by Rs 40 per ten grams to Rs 14,555 as against Rs 14,515 yesterday.
While, the silver ready (.999 fineness) dipped further by Rs 55 per kilo to Rs 22,675 from previous Rs 22,730.
On the Comex division of the New York Mercantile Exchange, August gold gained by $4.70 to close at $932.20 an ounce. The June also gained by $4.00 to $931.60 an ounce.
Moreover, in the domestic market, the standard gold (99.5 purity) shot up by Rs 20 per ten grams to Rs 14,490 from previous closing level of Rs 14,470.
The pure gold (99.9 purity) also grew by Rs 40 per ten grams to Rs 14,555 as against Rs 14,515 yesterday.
While, the silver ready (.999 fineness) dipped further by Rs 55 per kilo to Rs 22,675 from previous Rs 22,730.
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