| Date: |
19-03-2011 |
| Subject: |
Gold Rise on Global Cues, Silver Recovers Smartly |
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Mumbai, Mar 18 (PTI) Gold prices advanced at the bullion market here today due to hectic stockists and speculative offtake as well as renewed local buying interest on the back of firming global markets.
Silver recovered smartly on higher industrial offtake and investment buying.
In the global market, gold prices rose over dollar weakness due to US inflationary pressure amidst worries over Middle-East unrest and rising Japanese nuclear crises taking the metal again to risk aversion tag.
In the domestic market, standard gold (99.5 purity) climbed to Rs 175 per 10 grams to close at Rs 20,785 from Thursday's closing level of Rs 20,610.
Pure gold (99.9 purity) also surged by a similar margin to finish at Rs 20,885 per 10 grams as compared to Rs 20,710 previously.
Source : ptinews.com
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