COM: Gold, silver flares up in domestic bullion market
On heels of intense buying by the traders and stockiests took gold prices up to Rs 13650 per ten gram in the national capital on Thursday.
Standard gold and ornaments which ended lower in the last trading session of 2008 yesterday, bounced back by Rs 225 each to Rs 13,650 and Rs 13,500 per 10 gram, respectively. Sovereign gained Rs 50 at Rs 10,750 per piece of eight gram.
Following the same route, silver prices shot up by Rs 400 to Rs 18,300 per kg. In a similar fashion, silver ready rose sharply by Rs 400 to Rs 18,300 per kg and weekly-based delivery by Rs 500 to Rs 18,400 per kg. Silver coins quoted higher by Rs 100 at Rs 27,100 for buying and Rs 27,200 for selling of 100 pieces.
