Gold continues to rule firm, dollar ends cheaper against rupee
2 Jul, 2008, 1904 hrs IST, PTI
MUMBAI: Gold prices continued to rule firm on the bullion market here on Wednesday on persistent demand from stockists in view of rising trend in global markets.
Silver also shot up further in line with gold prices. In Singapore, gold prices today extended gains as inflation fears stoked by record high oil prices boosted the metal’s safe-haven appeal in times of uncertainty. Gold rose to USD 939.15/940.15 per ounce from USD 938.40/939.40 per ounce in late New York.
In domestic market, standard gold (99.5 purity) firmed up by Rs 15 per ten grams to Rs 12,980 from Rs 12,965 previously and pure gold (99.9 purity) also hardened to Rs 13,040 from Rs 13,025 previously.
Silver ready (.999 fineness) shot up by Rs 330 per kilo to Rs 25,080 from Rs 24,750 previously.
US dollar ends sharply cheaper against rupee
The US dollar ended sharply cheaper against the rupee at Rs.43.15/17 per dollar and the Pound Sterling also turned lower at Rs.85.71/73 per pound at the InterBank Foreign Exchange (Forex) market here today.
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