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Article: Gold zooms past Rs 17k on global cues.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 12, 2009
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Gold zooms past Rs 17k on global cues
New Delhi, November 12, 2009 (PTI) - Gold prices Thursday crossed the crucial Rs 17,000 per 10 gram level in the bullion market here, buttressed by frantic buying by jewellers for the ongoing marriage season amid a firming global trend.
Gold spurted by Rs 170 to Rs 17,150 per 10 gram and silver by Rs 220 to Rs 27,720 per kg here.
The yellow metal, which had been on an upward march ever since the Reserve Bank of India purchased 200 tons of gold from the International Monetary Fund early this month, got a boost from the firming trend in the global markets, marketmen said.
On January 1, gold was ...