Gold extends gains on sustained buying, firm global cues
Wednesday, 22 January 2014
New Delhi, Jan 21 (PTI) : Gold prices extended gains for the second straight day by adding Rs 20 to Rs 30,200 per ten grams in the national capital Monday on sustained buying by stockists for the marriage season amid firm global cues.
Silver followed suit and gained Rs 50 to Rs 45,250 per kg on increased offtake by industrial units and coin makers.
In Mumbai, gold of 99.9 and 99.5 per cent purity was traded at Rs 30,170 and Rs 30,020 per ten grams, while silver enquired at Rs 46,000 per kg.
Traders said sustained buying by stockists and retailers for the marriage season amid a firm global trend where gold rallied on signs of increasing demand.