Gold up Rs 120 to Rs 20,620/10gm;silver regains Rs 46k/kg mark

Posted By: Pti
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New Delhi, Feb 11 (PTI) Gold maintained an upward trendfor the fourth straight day in the bullion market today androse by Rs 120 to 20,620 per 10 grams on increased buying bylocal parties for the ongoing marriage season, while silverrose by Rs 250 to Rs 46,100 per kg on industrial demand.

Traders said increased offtake by industrial units andcoin makers gave push to silver prices.

On the domestic front, gold of 99.9 and 99.5 per centpurity climbed up by Rs 120 each to Rs 20,620 and Rs 20,500per 10 grams, respectively. The metal had gained Rs 160 in theprevious three sessions. Sovereign rose by Rs 50 to Rs 16,900per piece of eight grams.

Silver ready rose by Rs 250 to Rs 46,100 per kg andsilver weekly-based delivery by Rs 30 to Rs 45,715 per kg.

Silver coins also gained by Rs 300 to Rs 50,300 for buying andRs 50,400 for selling of 100 pieces.

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