A representative image. Photo: Getty Images
Gold prices touched new all-time high of Rs. 32,900 per 10 grams in New Delhi on Friday, tracking the metal's rally overseas after the US Federal Reserve decided to add further stimulus to boost the world's biggest economy.
While gold added Rs. 310 to hit the record level, silver rose by Rs. 800 to Rs. 62,000 per kg.
Traders said sentiment buoyed on strong cues from global markets where gold climbed to a six-month high after Federal Reserve unveiled a fresh stimulus plan to help spur the US economy, lifting the metal's demand as a store of value.
Gold rose 0.6% to US$ 1,778 an ounce in Singapore -- the highest level since February 29.
In addition, some local buying by jewellers and stockists ahead of marriage season also boosted the sentiment, they added.
On the domestic front, gold of 99.9 and 99.5% soared by Rs. 310 each to Rs. 32,900 and Rs. 32,700 per 10 grams, respectively.
Sovereign also rose by Rs. 100 to Rs. 25,600 per piece of eight grams.
Silver ready spurted by Rs. 800 to Rs. 62,000 per kg and weekly-based delivery by Rs. 1,880 to Rs. 65,265 per kg.
Silver coins surged by Rs. 2,000 to Rs. 79,000 for buying and Rs. 80,000 for selling of 100 pieces.
from
PTI
Montek speaks of lost Aadhaar card, gets one in 1 hr
A casual mention of a lost Aadhaar card in public saw government machinery go on an overdrive and its holder got a duplicate card in less than an hour.
from IANS
Anti-tax agitation called off in Maharashtra
Wholesalers, retailers and manufacturers across Maharashtra called off their month-long agitation against the local body tax (LBT) imposed by civic agencies following talks with Chief Minister Prithviraj Chavan onThursday.
from PTI
'Capital will determine exchange rate'
Prime Minister's Economic Advisory Council Chairman C Rangarajan said the exchange rate of the local currency will be determined by the capital flows.
from
PTI
Sebi, CCI seek clarity on Jet-Etihad deal
Etihad's Rs 2,058-crore stake purchase in Jet Airways has hit a regulatory air pocket, as regulators are seeking more clarity.
from
IANS
Marking nine years of the UPA government, PM Manmohan Singh promised to build "an economically resurgent and socially just India".
from
PTI
Rajat Gupta seeks re-trial in trading case
Former Goldman Sachs Director Rajat Gupta's attorneys said wiretap evidence used by the prosecution should not have been introduced at trial stage.
from
IBNLive
Mumbai traders call off strike against LBT
After more than three weeks, Mumbai traders on Monday called off their strike against Local Boy Tax (LBT).
