The gold rose 0.3 per cent to USD 1,774.75 an ounce. Prices are 0.2 per cent higher this week after four consecutive weekly gains. Silver also rose 0.5 per cent to USD 34.84 an ounce.
Bullion reached USD 1,779.50 an ounce on September 19, the highest since February 29. The Federal Reserve announced a third round of quantitative easing to boost growth last week and central banks in Europe, China and Japan have pledged more action.
Holdings in gold-backed ETPs rose 4.4 metric tonnes to a record 2,523.7 tonnes yesterday. Assets increased 7.1 per cent this year.
- Gold gains first time in 4-day as Korea buys, ECB meets
- Gold gains Rs 100 on seasonal demand; silver steady
- Gold, silver climb on festive demand, global cues
- Gold gains Rs 350, silver Rs 800 on good demand
- Gold gains Rs 55 on wedding season demand, silver sheds Rs 500
- Gold rises by Rs 150 on firm demand, silver loses Rs 400
- Gold, silver extend gains on seasonal demand, global cues
- Gold gains Rs 80, silver Rs 300 on fresh buying
- Gold gains Rs 50, silver Rs 400 on global cues
- Gold gains on global cues, silver falls on sluggish demand