Gold prices shot up to Rs 31,050 per 10 grams, a 28-month high, by surging Rs
400 in the bullion market on Wednesday July 06,2016, underpinned by risk-off
attitude among investors and positive global cues.
Pick-up in jewellers' buying in domestic markets came as a shot in the arm.
Silver spurted Rs 750 to regain the crucial Rs 47,000 per kg mark on increased offtake by industrial units and coin makers.
Globally, gold advanced 1.1 per cent to $1,371.39 an ounce, the highest level since March 2014, and Silver increased 2.4 per cent to $20.41 an ounce in Singapore.
In Delhi, gold of 99.9 per cent and 99.5 per cent purity soared Rs 400 each to Rs 31,050 and Rs 30,900 per 10 grams, respectively, a level last seen on March 12, 2014 when it stood at Rs 31,020.
Pick-up in jewellers' buying in domestic markets came as a shot in the arm.
Silver spurted Rs 750 to regain the crucial Rs 47,000 per kg mark on increased offtake by industrial units and coin makers.
Globally, gold advanced 1.1 per cent to $1,371.39 an ounce, the highest level since March 2014, and Silver increased 2.4 per cent to $20.41 an ounce in Singapore.
In Delhi, gold of 99.9 per cent and 99.5 per cent purity soared Rs 400 each to Rs 31,050 and Rs 30,900 per 10 grams, respectively, a level last seen on March 12, 2014 when it stood at Rs 31,020.
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