Gold continued its record-breaking journey at the bullion market here today and hit new highs on consistent buying from stockists and retail investors backed by strong global cues.
In contrast, silver declined further due to sustained profit-taking by speculators amid lower industrial demand.
Standard gold (99.5 purity) edged up by Rs 10 to settle at Rs 30,035 per 10 gm from Friday's closing level of Rs 30,025.
Pure gold (99.9 purity) also gained by a similar margin to end at Rs 30,175 per 10 gm from Rs 30,165 previously.
However, silver ready (.999 fineness) fell by Rs 85 per kg to conclude at Rs 55,155 as compared to Rs 55,200 yesterday.
On the global front, gold extended gains on fresh monetary stimulus hopes amid weak US economic data. But cautiousness ahead of Greek elections restricted the precious metal's surge.
Gold for August delivery advanced by USD 8.50 to close at USD 1,628.10 an ounce at the Comex division of the NYMEX yesterday, while silver July contract added 33 cents to finish at USD 28.74 an ounce.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
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M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.