Gold at one month high, reclaims Rs.27,000 mark

Sambad English Bureau Published On : Sep 25, 2015 at 5:11 PM

New Delhi, Sep 25:

Gold on Friday reclaimed Rs.27,000 mark for 10 grams after a month.

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“After the US Federal Reserve decided not to increase interest rates, people started looking at gold as the only safe asset class. In the national capital today, it has touched Rs.27,000 per 10 grams (24 carat),” P.P. Jewellers director Rahul Gupta told IANS.

He said gold prices are expected to rise further in the next 15-20 days and reclaim the Rs.28,000 per 10 grams mark.

“This upward trend will prevail for some more time. We expect it to be around $1,200 per ounce in 15-20 days from $1,150 per ounce now,” Gupta added.

Silver also regained the Rs.36,000 level and traded Rs.36,500 per kg on increased buys by industrial units and coin makers. (IANS)