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Gold rises by Rs 130 to Rs 30,800 on sustained buying, firm global cues

New Delhi: Gold prices advanced further by Rs. 130 to Rs. 30,800 per 10 grams in the national capital on Tuesday, on sustained buying for the ongoing marriage season amid a firming global trend.Silver shot

India TV News Desk [ Updated: February 11, 2014 17:17 IST ]
gold rises by rs 130 to rs 30 800 on sustained buying firm
gold rises by rs 130 to rs 30 800 on sustained buying firm global cues

New Delhi: Gold prices advanced further by Rs. 130 to Rs. 30,800 per 10 grams in the national capital on Tuesday, on sustained buying for the ongoing marriage season amid a firming global trend.


Silver shot up by Rs. 105 to Rs. 45,130 per kg on increased offtake by jewellers and industrial units.

However, a divergent trend was noticed in Mumbai, as gold of 99.9 and 99.5 per cent purity rose for the second straight day by adding Rs. 120 each to Rs. 30,600 and Rs. 30,450 per 10 grams respectively on seasonal demand, while silver shed Rs. 50 to Rs. 45,800 per kg on lack of buying support.

Traders said frantic buying by stockists and jewellers to meet the rising ongoing marriage season demand mainly kept the precious metals higher for the second day.

An upsurge was further supported by firming global trend where gold rallied as investors assessed further cuts to US stimulus and increased buying in China, they said.

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