Gold price climbs by Rs 200 in global markets; silver retains Rs 40,000 mark

Mumbai-India (Jan 4)  Keeping the rising trend for the second straight day, gold prices have risen up by Rs 200 to Rs 28,550 per 10 grams, on Wednesday, driven by a firm global trend and increased buying by local jewelers.

 Silver also has regained the Rs 40,000 mark after surging by Rs 650 to Rs 40,250 per kg, backed by increased off-take from industrial units and coin makers.

 Globally, gold has risen by 0.38% to $ 1,162.70 an ounce; and silver by 0.83% to USD 16.41 an ounce in Singapore.

 In the national capital, gold of 99.9% and 99.5% purity have shot up by Rs 200 each to Rs 28,550 and Rs 28,400 per 10 grams, respectively.

 The precious metal had gained Rs 50 yesterday.

 In a similar way, silver has strengthened by Rs 650 to Rs 40,250 per kg; and weekly-based delivery by Rs 680 to Rs 40,220 per kg.

 Silver coins too have increased by Rs 1,000 to Rs 71,000 for buying; and to Rs 72,000 for selling of 100 pieces.

Source: HFL