May 23, 2011 by staff
Gold Prices, Gold prices raised more in the bullion market today on stockist’s coherent national and purchase-driven investment caused by a strong rebound in global markets. On the other hand, silver fell to download fresh new speculators. In overseas trading, gold rose to its highest level in nearly two weeks on concerns about the restructuring of the debt of Greece and the decision by ratings agency Fitch cut its debt rating by three notches, causing the last stop buying metal.
Standard gold (99.5 purity) hardened by Rs 70 per 10 grams, to close at 22,235 rupees from the closing level of Rs 22,165 last Saturday.
Pure gold (purity 99.9) also confirmed by 75 rupees per 10 grams to end at Rs 22,340 compared with 22,265 rupees earlier.
However, the easy money (0.999 fineness) dropped by 150 rupees per kg for holding at Rs 53.660 to Rs 53,810 last week.
In Europe, spot gold was trading at U.S. & 1,509.19 an ounce in early trade U.S. $ 1,507.39 late in New York on Friday, while spot silver was trading at $ 34.75 an ounce, compared to U.S. & 35, 01 before.
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