Gold extends gains on global cues

New Delhi-India (July 12)   Continuing its rising streak for the fourth consecutive day, gold prices gained another Rs 50 to trade at Rs 28,730 per ten gram in the national capital on Saturday, taking positive cues from overseas markets amid persistent buying by stockists.

 Silver, however, held steady at Rs 46,000 per kg on scattered buying by industrial units.

 Traders said besides continued buying by stockists and jewellers, a firming global trend as concerns about Europe's economy and the Middle East boosted haven demand, mainly influenced gold prices.

Source: TimesOfIndia