• search

Gold at all time high, silver rises

Written by: Staff

Mumbai, May 5 (UNI) Prices of spot gold once again rose at all time high at Rs 9,990 per ten gm while silver recovered at Rs 20,900 per kg on bullish global advice, traders at the bullion market today said.

Standard gold (99.5 purity) and pure gold (99.9 purity) also opened high at Rs 9,920 and Rs 9,970 per 10 gm, respectively.

Both the yellow metals closed at all time high at Rs 9,945 and Rs 9,990 per 10 gm, respectively, with a massive gain of Rs 215 for standard gold and Rs 205 for pure gold from its yesterday's close.

There was heavy demand from ornament makers as sellers were hoarding their stocks.

Reports from abroad says that gold hit a 25-year high on Friday on persistent fund buying sparked by a weak dollar and tension in the Middle East over Iran's nuclear ambitions.

In London also, gold was quoted high at USD 678.50/679.00 per troy ounce against the previous close of USD 662.50/663.00 per troy ounce in New York on Thursday.

Silver .999 fineness variety also opened upward at Rs 21,005 per kg on better buying support. Later, it closed at Rs 20,900 per kg with a huge gain of Rs 195 from its previous close.

There was good demand from jewellery makers on reduced stock supply.

In London, the white metal was quoted high at US dollar 13.95/14.00 per troy ounce against USD 13.60/13.70 per troy ounce on Thursday in New York.

Following were the spot silver and gold closing prices today: Silver (per kg) .999 grade : Rs 20,900 (Rs 20,705), Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,945 (Rs 9,730), Pure gold 99.9 purity : Rs 9,990 (Rs 9,785).


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more