The gold prices strengthened for the third day, on July 14, rose Rs 25 to close at Rs 14,830 per 10 gram in the bullion market due to buying by stockists and jewellers amid firming global cues. In line with this, the silver prices surged by Rs 200 to close at Rs 21,700 per kg due to the strong industrial demand.
According to marketmen the gold prices shot up after buying by stockists and jewellers ahead of festival season and firming overseas trends.
The gold rose for a fourth day in London as higher oil prices and a weaker dollar increased demand for bullion as an alternative investment and hedge against rising consumer prices.
On the domestic arena, the standard gold and ornaments shot up by Rs 25 each to Rs 14,830 per 10 grams and Rs 14,680 per 10 gram respectively.
In line with this, the sovereign also grew Rs 25 to Rs 12,350 per piece of eight gram. On the other hand, the silver ready surged by Rs 200 to Rs 21,700 per kg, while weekly-based delivery grew by Rs 160 to Rs 21,460 per kg.
The silver coins grew by Rs 100 to Rs 28,900 for buying and Rs 29,000 for selling of 100 pieces.
According to marketmen the gold prices shot up after buying by stockists and jewellers ahead of festival season and firming overseas trends.
The gold rose for a fourth day in London as higher oil prices and a weaker dollar increased demand for bullion as an alternative investment and hedge against rising consumer prices.
On the domestic arena, the standard gold and ornaments shot up by Rs 25 each to Rs 14,830 per 10 grams and Rs 14,680 per 10 gram respectively.
In line with this, the sovereign also grew Rs 25 to Rs 12,350 per piece of eight gram. On the other hand, the silver ready surged by Rs 200 to Rs 21,700 per kg, while weekly-based delivery grew by Rs 160 to Rs 21,460 per kg.
The silver coins grew by Rs 100 to Rs 28,900 for buying and Rs 29,000 for selling of 100 pieces.
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