Gold rises further to Rs 22,670 and Silver slips by Rs 900

Gold extended gains by accumulation Rs 300 to Rs 22,670 apiece 10 grams at the moment on sustained trade by retailers to join the ongoing nuptials season demand amid a firming total trend.

However, silver shed Rs 900 to Rs 53,300 apiece kg on on sale offtake by the side of existing prohibitive levels. 

Trading sentiments in gold bolstered as the metal in overseas markets surged on speculations with the aim of the Federal Reserve will not tighten the monetary document, spurring the demand in place of the metal.

Gold in total markets, which normally sets a charge trend on the domestic front, rose by $5.80 to $1,500.60 an ounce.

The white metal snapped its three-day rising trait and bowed weak on on sale offtake by stockists by the side of existing senior levels amid a down-trend in overseas markets.

On the domestic front, gold of 99.9 and 99.5% purity shot up by Rs 300 both to Rs 22,670 and Rs 22,550 apiece 10 grams, correspondingly. Sovereigns rose by Rs 100 to Rs 18,600 apiece bit of eight grams.

On the other employee, silver raring to go declined by Rs 900 to Rs 53,300 apiece kg and weekly-based escape shed Rs 10 to Rs 53,600 apiece kg as speculators refrained from extending support by the side of existing prohibitive levels.

Silver coins besides fell by Rs 100 to Rs 60,000 in place of trade and Rs 62,000 in place of promotion of 100 pieces.