10 Jan 2017

Gold glitters to hit over 1-mth high on global cues;

Mumbai, Jan 10 (PTI) Gold prices surged to hit over one-month high at the bullion market today, taking positive cues from global market amid pick up in buying by jewellers to meet wedding season demand.

Silver too climbed by Rs 270 per kg on increased offtake by industrial units.

Standard gold (99.5 purity) rose by Rs 165 to finish at Rs 28,560 per 10 grams from Monday's closing level of Rs 28,395.

Pure gold (99.9 purity) also gained by a similar margin to close at Rs 28,710 per 10 grams against Rs 28,545.

Silver (.999 fineness) gained by Rs 270 to conclude at Rs 40,910 per kg from yesterday's close of Rs 40,640.

Globally, gold rallied to its highest level in more than a month as the dollar dipped on jitters before a news conference by US President-elect Donald Trump on Wednesday and on Britain's uncertain exit from the European Union.

Spot gold hit its highest since Dec 5 at USD 1,187.61 an ounce and was up 0.2 percent to USD 1,183.61 an ounce at early European trade.

Silver was flat at USD 16.57 an ounce. - PTI

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