Gold breaches Rs 31,000 on festive demand
22 Oct 2013 12:18 AM GMT
Precious gold spiked to near one-and -a half months high and reclaimed the key psychological Rs 31,000 per 10/gm mark at the bullion market here on Monday owing to heavy jewellery stockists demand supported by robust seasonal offtake.
Silver also surged on the back of aggressive speculative as well as industrial buying. Standard gold of 99.5 per cent purity climbed by Rs 165 to finish at Rs 31,130 per 10 grams from Saturday's closing level of Rs 30,965.
Pure gold of 99.9 per cent purity also spurted by a similar margin to end at Rs 31,280 per 10 grams from Rs 31,115 previously.
Silver also surged on the back of aggressive speculative as well as industrial buying. Standard gold of 99.5 per cent purity climbed by Rs 165 to finish at Rs 31,130 per 10 grams from Saturday's closing level of Rs 30,965.
Pure gold of 99.9 per cent purity also spurted by a similar margin to end at Rs 31,280 per 10 grams from Rs 31,115 previously.
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