Posts Tagged ‘Comex division’

Gold Breaks 16K Mark, Silver Hit New Highs :)

Gold Breaks 16K Mark, Silver Hit New Highs

Gold Breaks 16K Mark, Silver Hit New Highs

Due to constant festive demand in the midst of rise in the overseas markets, benchmark Gold prices increased by Rs 105 per 10 grams to break the Rs 16,000-mark in the bullion market while silver continued to hit new highs.

🙂

However, due to higher international advices, silver went to a record peak on constant industrial demand while on the Comex division of the New York Mercantile Exchange, gold for October delivery rose to $1,064.20 an ounce.

Moreover, the contract had previously touched a high of $1,068.40 an ounce and December silver futures closed at $17.84 an ounce from $17.82.

Additionally, in Tokyo, gold was below the all time high levels as dollar decreased to fresh 14-month lows against its major rivals.

On the other hand, in the local market, benchmark gold increased by Rs 105 per 10 grams to restart at Rs 16,035 from Monday’s closing level of Rs 15,930.

Similarly, pure gold also rose by a similar margin to Rs 16,110 from Rs 16,005 while silver ready hardened by Rs 95 per kg to Rs 28,150 from Rs 28,055 previously.

🙂

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