Gold extend gains, rises by Rs 45 to Rs 18,700 per 10g

New Delhi, July 12 (PTI) Gold prices strengthened by Rs
45 to Rs 18,700 per ten grams in the Indian capital Monday on
speculative buying, even though the metal was being traded
lower in overseas markets.
Marketmen said speculative buying mainly pushed up gold
prices, inspite of a dearth of demand from retail customers
and jewellers at existing higher levels.
Even falling gold prices in Asia failed to influence the
trading sentiment at home, they said.
Gold of 99.99 per cent and 99.5 per cent purity gained Rs
45 each on account of speculative buying to 18,700 and Rs
18,600 per ten grams respectively. The metal had gained Rs 55
on Friday. Sovereigns followed suit and rose by Rs 25 to Rs
14,700 per piece of eight grams.
On the other hand, silver ready lacked buying support and
declined by Rs 100 to Rs 29,050 per kg, while weekly-based
delivery lost Rs 5 to Rs 28,865 per kg.
However, the price of silver coins held steady at Rs
34,100 for buying and Rs 34,200 for selling of 100 pieces. PTI
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