Gold keeps rising for 4th consecutive day; Rs 50 to Rs 31,050 per 10 gram

The price of Gold keeps momentum, since its fourth straight day, gold prices hiked by Rs 50 to Rs 31,050 per 10 gram at the bullion market on Friday effectively on wedding season in the midst of a firming trend overseas. It is notable, in the previous three sessions, gold had gained Rs 350 

At the same time Silver remained under selling pressure and went below the Rs 44,000-mark by falling Rs 360, to Rs 43,700 per kg, and weekly based delivery by Rs. 495 to Rs. 43,125 per k.g. 

In New York, yesterday's trade, gold rose 0.44 percent to USD 1,302.20 an ounce. Silver coins were unaffected at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.