Gold continues to rise

MUMBAI, SEPT. 17. Gold continued to rise sharply on the bullion market here today as it shot up further on persistent heavy demand in the wake of restricted supply and closed with handsome gains. Higher overseas advices also boosted sentiment. Silver also rose sharply in line with gold.

Standard gold resumed on a firm note at Rs. 4,775 (10 gm), but eased towards the fag end due to marginal fall in demand and closed at Rs. 4,725, still showing a handsome gain of Rs. 15 over the last close of Rs. 4,710.

Ready silver (.999 fineness) also opened better at Rs. 7,380 a kg and continued to rise smartly, before ending at Rs. 7,415, showing a sharp rise of Rs. 45 over the previous level of Rs. 7,370.

- PTI

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