Gold Prices hit Eight-Month High at 31760 Rupees
Gold price on 17 August 2013 jumped by 700 rupees in Kolkata after stocks and money markets melted
Gold price on 17 August 2013 jumped by 700 rupees in Kolkata after stocks and money markets melted. It touched 31760 rupees per 10 gram to an eight-month high. In Delhi, it gained 515 rupees to 31525 rupees per ten gram. In Chennai, the yellow metal climbed by 695 to 31505 rupees and in Mumbai by 640 rupees to 31,470 rupees per ten grams.
Silver price further shot up by 1365 rupees to 50685 rupees per kilogram on increased demand from industrial units and coin makers. The rally in gold prices sparked after rupee plunged to all-time low of 61.65 against dollar.
Globally, gold price increased to two-month high to 1379.20 dollar an ounce because of higher physical demand for precious metals.