Gold futures recovers in India

March 05, 2009

Commodity Online
NEW DELHI : Gold futures recovered in India on Thursday tracking firmer trends abroad and also on declining stocks.

The benchmark April gold contract was up Rs 234 to Rs 15,225 at close after hitting a low of 14,966 in the previous session.

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Standard gold and ornaments rose by Rs 100 each at Rs 15,200 and Rs 15,050 per 10 gram respectively. Sovereign was higher by Rs 100 at Rs 12,300 per piece of eight gram.

Silver ready rose further by Rs 250 at Rs 21,850 per kg. It had gained Rs 180 in the previous day's trading. Silver weekly-based delivery rose by Rs 440 at Rs 22,300 per kg.

Silver coins also moved up by Rs 100 at Rs 28,400 for buying and Rs 28,500 for selling of 100 pieces.

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