Gold climbs new peak at `23,270 on global cues

PRESS TRUST OF INDIA

New Delhi, July 16: Gold surged Rs 150 to hit a new high of Rs 23,270 per 10 grams today on brisk buying by stockists, driven by a firming global trend. Silver also staged a strong come back by rising Rs 1,000 to Rs 57,500 per kg on increased off take by industrial units.
 Trading sentiments turned bullish as the yellow metal rose to a record high level in global markets, on mounting concern that debt woes in the US will escalate, boosting its appeal as a safe haven.
 Gold in global markets, which normally sets the price trend on the domestic front, rose to a record $ 1,594.90 an ounce.
 On the domestic front, gold of 99.9 and 99.5 per cent purity flared up by Rs 150 each to hit a new high of Rs 23,270 and Rs 23,150 per 10 grams, respectively. However, sovereigns held steady at Rs 18,850 per piece of eight grams.

Lastupdate on : Sat, 16 Jul 2011 21:30:00 Makkah time
Lastupdate on : Sat, 16 Jul 2011 18:30:00 GMT
Lastupdate on : Sun, 17 Jul 2011 00:00:00 IST



  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Code Image  Load New Code
Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

Indo Pak track-II diplomats condemn Mumbai blasts

Srinagar, July 16: Jinnah Institute and Australia Indian Institute on Saturday condemned the Mumbai blasts. In a joint statement issued by the heads of the Indo-Pak Track-II Dialogue Group, President More


  • Srinagar City

Gutted Mujahid Manzil sparks off Facebook debate

Netizens seek renovation of political landmark in Shahr-e-Khaas

M HYDERI

A picture of Mujahid Manzil, a hub of political activities in Kashmir in the yesteryears, has triggered a debate on the Facebook with Kashmiri netizens seeking restoration of the gutted building on heritage More



  • Jammu

High iron, fluoride contents found in JK ground reserves

WATER MAPPING SURVEY DISAPPOINTS PLANNERS

SUMIT HAKHOO

Jammu, July 16: The much-awaited water mapping survey conducted to find new sources of ground water in Jammu and Kashmir by Indian Space Research Organisation (ISRO) has send alarm bells ringing among More


  • Briefs

APGK organizes Kashmir EU Week in EP

Srinagar, July 16:  The All Party Group for Kashmir in the European Parliament (APGK), organised the 7th Annual Kashmir EU Week entitled “Improving Human Rights in Kashmir” in association with the More


  • Business

New VAT form to come into force from Q2

KTMF demands its complete withdrawal

GK NEWS NETWORK

Srinagar, July 16: The government has issued a notification suspending the new VAT return form for the quarter first. However, the notification makes it clear that the new VAT return form shall come into More


ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions