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Gold crosses Rs. 16000-mark
MUMBAI: Standard gold prices on Wednesday rose by Rs. 105 per 10 gram to breach the Rs. 16,000-mark in the bullion market here in early trade on persistent festive demand amid rise in the overseas markets, while silver continued to hit new highs.
Stockists and retailers continued to buy the precious metal amid the ongoing festivals, boosting their demand.
Silver rallied to an all-time peak on sustained industrial demand on the back of higher international advices.
Standard gold (99.5 purity) rose by Rs. 105 (10 gram) to Rs. 16,010 after opening at Rs. 16,035 from Monday’s closing level of Rs. 15,930.
Pure gold (99.9 purity) also spurted by a similar margin to Rs. 16,110 from Rs. 16,005.
Silver ready (.999 fineness) hardened by Rs. 95 to Rs. 28,150 from Rs. 28,055 a kg previously. — PTI
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