2nd March 2010 - Tuesday
The price of gold increased to Rs 17,050 / 10 gm in the bullion market on Tuesday. The increase of Rs 100 came following the heavy demand from retailers and stockists in sync with a firm Gold demand abroad.
Gold rates rose by 0.1 percent to 1,119.90 dollar per ounce in London. Subsequent to this upward trend, the rate of precious metal prices increased in the domestic market too in line with global cues.
The rates of silver decreased to 26,050 per kg by Rs.250 due to minimized industrial off take. Standard gold & ornaments increased to Rs 17,050 and Rs 16,900/gm respectively as the Sovereign price remained at Rs 14,000 per eight gram.