Home > Business > PTI > Report

Gold up at 5590 on increased demand

June 16, 2003 18:28 IST

Gold prices rose by Rs 40 on the bullion market in Mumbai on Monday due to increased demand after a steep rise in the global prices.

Silver also closed with minor gains.

Pure gold (99.9 purity) opened smartly firm at Rs 5,570, but softened towards the fag-end on fresh profit selling and closed at Rs 5,565, still showing a smart rise of Rs 45 over the previous close of Rs 5,520.

Standard gold (99.5 purity) also resumed higher at Rs 5,540, but later softened in line with the market trend and settled at Rs 5,530, showing a good gain of Rs 40 over the weekend level of Rs 5,490.

In Hong Kong, gold closed firm at $359.70-360.20 an ounce from the previous close of $354.50-355.00 and in London, it was fixed early in the day higher at $359.00 an ounce from the last level of $353.05, dealers said.

Ready silver (.999 fineness), after a strong start at Rs 7740, lost some of the early gains towards the end and closed at Rs 7,720, still revealing a small gain of Rs 5 over the last close of Rs 7,715.

Following are today's closing rates with previous rates in brackets.

Ready silver .999 (per kilo) 7720 (7715), pure gold 99.9 (ten gram) 5565 (5520) and standard gold 99.5 (ten gram) 5530 (5490).


Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor



Related Stories


Gold at 11-week high

Gold imports seen dull

Gold imports lose lustre



People Who Read This Also Read


Car sales zoom 41% in May

Satwalekar is Infosys director

Indian economy growing fastest




© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.








Copyright © 2003 rediff.com India Limited. All Rights Reserved.