Gold prices soar, trading dull

Hyderabad: Gold remained buoyant and closed at $1,673. 85 (per Ounce) while silver, followed suit and closed at $17.32 (per Ounce). Platinum and Palladium also marched forward and closed at $903 (per 10 gms) and $2,451 (per 10 gms) respectively.

Other economic parameters moved southward. Brent closed at $45.50 (per barrel) while Crude MCX oil was quoted at Rs 3,159 (per barrel).

While Gold MCX increased and stood at Rs 44,158 (per 10 gms) even MCX Silver has seen an increase and closed at Rs 46,969 (per kg).

At home, the trading continued to be dull. However, following the global trend, both the precious metals surged ahead. Standard gold (24 carats) appreciated by a whopping Rs 1,650 and closed at Rs 44,470 (per 10 gms).

Ornamental gold too, moved in tandem and was quoted in the range of Rs 42,270 - 42,370 on the closing day. Similarly, Silver (0.999) also appreciated significantly by Rs 3,400 and closed at Rs 46,900 (per kg).