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Gold Remains Firm, Silver Claims Rs 47-000 Mark

Elsewhere, silver maintained its strong rising trend and reclaimed the key Rs 47,000 mark - on heavy industrial demand.

Press Trust Of India

Updated:September 22, 2016, 6:24 PM IST
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Gold Remains Firm, Silver Claims Rs 47-000 Mark
File photo of a female customer looking at gold bangles at a jewellery shop (Reuters)

Mumbai: Gold prices firmed up at the domestic bullion market for the fourth-straight day due to increased buying from stockists and jewellers.

Elsewhere, silver maintained its strong rising trend and reclaimed the key Rs 47,000 mark - on heavy industrial demand.

Standard gold (99.5 purity) rose by Rs 110 to conclude at Rs 31,370 per 10 grams from Wednesday's close of Rs 31,260.

Pure gold (99.9 purity) also climbed by a similar margin to settle at Rs 31,520 per 10 grams against Rs 31,410.

Silver (.999 fineness) shot up by Rs 700 to finish at Rs 47,345 per kg from Rs 46,645 earlier.

In worldwide trade, the shiny-metal fell as the US Federal Reserve signalled an interest rate increase by the end of the year after policy was kept unchanged in September, as expected.

Spot gold was down 0.3 per cent at USD 1,332.05 an ounce in early trade.

Among other precious metals, silver was down 0.5 per cent at USD 19.71 an ounce after touching a two-week high early in the session.

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