Saturday, April 23, 2011

Gold, silver scale new highs

Precious metals continued to rally with gold and silver scaling new peaks on speculative and investment buying, backed by the buoyancy in global markets.

The yellow metal touched Rs 22,000 for 10 gm on sustained jewellery buying for marriage season.

Silver also spurted to Rs 72,980 a kg.

Standard gold (99.5 purity) shot up by Rs 205 for 10 gm and closed at Rs 22,030. Pure gold (99.9 purity) rose by a similar margin to Rs 22,135.

Silver ready (.999 fineness) sky-rocked Rs 2,170 a kg to Rs 72,980.

Chennai: Bar silver: Rs 72,520; retail silver: Rs 77.60; standard gold: Rs 21,935; retail ornament gold (22 carat a gm): Rs 2,040.

Hyderabad: Standard gold (24 carat) for 10 gm: Rs 22,250; ornamental gold (22 carat) for 10 gm: Rs 21,710-21,810; silver (0.999) (a kg): Rs 73,000.

Kolkata: Silver ready: Rs 72,100; Gold ready: Rs 22,430.


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