PTI
New Delhi, May 26: Maintaining its upward march gold prices rose for the sixth straight day surging by Rs 130 to close at Rs 14,890 per ten gram in the bullion market here as funds shifted from melting equities to rising bullion.
Marketmen said, the funds shifting assets from melting stocks to bullion as a safe hedge against such crisis fuelled the upward march.
Standard gold and ornaments remained in demand and surged by Rs 130 each to Rs 14,890 and Rs 14,740 per ten gram respectively while sovereign remained steady at Rs 12,400 per piece of eight gram.
In line with a general firming trend, silver ready recovered by Rs 100 to Rs 22,500 per kg and weekly-based delivery by Rs 170 to Rs 22,840 per kg.
However, silver coins continued to be asked around previous level of Rs 29,100 for buying and Rs 29,200 for selling of 100 pieces.