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Message: Mondays gold prices
Gold and silver prices are on the rise in India today so that bodes well for the ye;llow stuff when North American markets open tomorrow...And KXL will eventually tag along..
Mumbai, Feb 16 (PTI) Gold prices scaled to an all-time peak of Rs 14,755 on the bullion market here today after the presentation of interim budget which weighed on the equity markets, giving a boost to yellow metal.
Silver also rose further on sustained industrial demand.
Interim budget failed to give much needed support to the financial sector, sending the benchmark sensex down by over 329 points or 3.42 per cent that prompted cautious investors to have a safe-investment such as gold, a dealer said.
Gold was steady in Europe, consolidating after last week's more than three per cent rise, with strong demand for physical investment products such as gold-backed exchange- traded funds.
Gold prices rose nearly USD 30 an ounce last week as concern over the economic outlook.
Spot gold was little changed at USD 940.20/942.20 an ounce as against USD 939.40 an ounce in New York last Friday.
Spot silver was quoted at USD 13.61/13.69 an ounce as against USD 13.62 an ounce.
Turning to the domestic market, standard gold (99.5 purity) firmed up by Rs 65 per ten grams to Rs 14,755 from the last weekend's level of Rs 14,690. Pure gold (99.9 purity) also moved up to Rs 14,810 from Rs 14,750 previously.
Silver ready (.999 fineness) rose by Rs 105 per kilo to Rs 21,610 from Rs 21,505 previously. PTI
Silver also rose further on sustained industrial demand.
Interim budget failed to give much needed support to the financial sector, sending the benchmark sensex down by over 329 points or 3.42 per cent that prompted cautious investors to have a safe-investment such as gold, a dealer said.
Gold was steady in Europe, consolidating after last week's more than three per cent rise, with strong demand for physical investment products such as gold-backed exchange- traded funds.
Gold prices rose nearly USD 30 an ounce last week as concern over the economic outlook.
Spot gold was little changed at USD 940.20/942.20 an ounce as against USD 939.40 an ounce in New York last Friday.
Spot silver was quoted at USD 13.61/13.69 an ounce as against USD 13.62 an ounce.
Turning to the domestic market, standard gold (99.5 purity) firmed up by Rs 65 per ten grams to Rs 14,755 from the last weekend's level of Rs 14,690. Pure gold (99.9 purity) also moved up to Rs 14,810 from Rs 14,750 previously.
Silver ready (.999 fineness) rose by Rs 105 per kilo to Rs 21,610 from Rs 21,505 previously. PTI
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