The gold prices on Saturday shot up to a two-week high to trade at Rs 15,000 per ten gram on the bullion market on the back of firm global trend. The sentiment was also boosted on the back of a pick-up in buying by stockists and jewellery fabricators. The standard gold inched up Rs 125 to close at Rs 15,100 per 10 gram, a level last seen on May 14.
The ornaments rallied to Rs 14,950 per ten gram as against previous level of Rs 14,825. The sovereign also gained Rs 50 to Rs 12,450 per piece of eight gram. In New York, the gold rose to a three-month high of $981.50 an ounce as weak dollar raised its appeal as an alternate investment.
Similarly, the silver weekly-based delivery grew further by Rs 420 to Rs 24,170 per kg due to speculative buying but silver ready held steady at Rs 23,200 per kg on some support. The silver coins grew by Rs 200 to Rs 29,500 for buying and Rs 29,600 for selling of 100 pieces.
The ornaments rallied to Rs 14,950 per ten gram as against previous level of Rs 14,825. The sovereign also gained Rs 50 to Rs 12,450 per piece of eight gram. In New York, the gold rose to a three-month high of $981.50 an ounce as weak dollar raised its appeal as an alternate investment.
Similarly, the silver weekly-based delivery grew further by Rs 420 to Rs 24,170 per kg due to speculative buying but silver ready held steady at Rs 23,200 per kg on some support. The silver coins grew by Rs 200 to Rs 29,500 for buying and Rs 29,600 for selling of 100 pieces.
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