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Silver Rises To Rs 55,100 On Global Cues, Gold Gains Rs 30

New Delhi, Jun 6: Both the precious metals, silver and gold, rose today on stockists buying for the ongoing marriage season amid a firming global trend. While silver rose by Rs 650 to Rs 55,100

PTI [ Updated: June 06, 2011 17:30 IST ]
silver rises to rs 55 100 on global cues gold gains rs 30
silver rises to rs 55 100 on global cues gold gains rs 30

New Delhi, Jun 6: Both the precious metals, silver and gold, rose today on stockists buying for the ongoing marriage season amid a firming global trend. While silver rose by Rs 650 to Rs 55,100 per kg, gold gained Rs 30 to Rs 22,810 per 10 grams.


Silver coins followed suit and jumped by Rs 2,000 to Rs 61,000 for buying and Rs 62,000 for selling of 100 pieces.

Trading sentiments turned better as gold advanced by 0.4 per cent to USD 1,548.13 an ounce overseas after the US economic data signalled that the recovery might be faltering, which boosted the appeal of precious metals as a safe haven.  Silver also gained 1.2 per cent to USD 36.68 an ounce.

Besides, pick-up in seasonal demand further fuelled the uptrend in the precious metals' prices.

On the domestic front, silver ready rose by Rs 650 to Rs 55,100 per kg and weekly-based delivery gained Rs 610 to Rs 55,000 per kg.

In a similar fashion, the gold of 99.9 and 99.5 per cent purity gained Rs 30 each to Rs 22,810 and Rs 22,690 per 10 grams, respectively.

However, sovereigns held steady at Rs 18,700 per piece of eight grams. PTI

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