Gold prices move upwards

Hyderabad: Internationally, gold closed at the higher level of $1,340.80 (per oz), while silver (0.999) closed at $15.02.

Other economic parameters also moved northward. Brent recovered further and closed at $63.36 (per barrel). Crude MCX closed at Rs 3,722. Gold MCX stood at Rs 32,936 (per 10 gms) and Silver MCX at Rs 37,344 (per kg).

Sensex and Nifty 50 closed at 39,615.90 and 11,870.65 points respectively. NyMex closed at 54.04.

The exchange rates of $ vis-a-vis Rupee stood at Rs 69.47 whereas British Pound closed at Rs 89.83. Similarly, Euro, Australian dollar and Canadian dollar commanded the exchange values of Rs 79.86, 49.69 and 53.22 respectively.

In Hyderabad, standard gold (24 carats) appreciated by Rs 460 and closed at Rs 32,690 (per 10 gms). Ornamental gold too, moved up in tandem and was quoted in the range of Rs 31,060-31,160 on the closing day.

Silver (0.999) also recorded an appreciation of Rs 950 and closed at Rs 37,350 (per kg).

The sentiment in gold and silver jewellery market is expected to firm up shortly as the weathermen have predicted a near-normal monsoon this year.