New Delhi: Continuing its rising streak for
the fourth consecutive day, gold prices gained another Rs 50
to trade at Rs 28,730 per ten gram in the national capital on Satuday , taking positive cues from overseas markets amid
persistent buying by stockists.
Silver, however, held steady at Rs 46,000 per kg on
scattered buying by industrial units.
Traders said besides continued buying by stockists and
jewellers, a firming global trend as concerns about Europe's
economy and the Middle East boosted haven demand, mainly
influenced gold prices.
Gold in New York, which normally sets price trend on the
domestic front, rose 0.28 per cent, to USD 1339.00 an ounce in
New York Yesterday.
In Delhi, gold of 99.9 and 99.5 per cent purity added
another Rs 50 each to Rs 28,730 and Rs 28,530 per ten gram
respectively. It had gained Rs 620 in last three sessions.
Sovereign, however, remained flat at Rs 24,900 per piece
of eight gram in limited deals.
On the other hand, silver ready held steady at Rs 46,000
per kg while weekly-based delivery declined by Rs 75 to Rs
46,065 per kg on lack of speculators buying support.
Silver coins spurted by Rs 1,000 to Rs 80,000 for buying
and Rs 81,000 for selling of 100 pieces.