BS: Gold climbs to 1-1/2 month high on global cues
Gold prices regained to its one and half month high at the bullion market here today on persistent stockists and speculative buying, driven by surge in global markets.
Tracking gold, silver also firmed up on sustained demand from industrial users.
Standard gold (99.5 purity) shot up by Rs 120 per ten grams to close at Rs 18,665 from last Saturday's closing level of Rs 18,545. It touched Rs 18,855 per ten grams on July 1, 2010.
Pure gold (99.9 purity) also rose by a similar margin of Rs 120 per 10 grams to finish at Rs 18,755 as against Rs 18,635 last weekend.
Silver ready (.999 fineness) hardened by Rs 140 per kilo to end at Rs 29,710 from Rs 29,570.
In Europe, gold rose to its seven week high on concerns over global economic recovery making it as a safe haven appeal.
Spot gold hit an intra-day high of $1,224.25 an ounce in early trade.
US gold futures for December delivery rose by $9.4 to USD 1,226 an ounce.
