Rising for the third straight day, gold today advanced by Rs 115 to trade at over three-month high of Rs 27,300 per ten grams on persistent buying by jewellers to meet the wedding season demand, amid a firming trend overseas.
Bullion traders said apart from a firming global trend where gold soared to a three-month high, pick-up in buying by jewellers to meet the ongoing wedding season demand mainly upped the sentiment here.
Besides, a weak rupee against the dollar that made the imports costlier, supported the upside in gold prices. However, silver eased by Rs 60 to Rs 34,870 per kg due to reduced offtake by industrial units and coin makers.
Home textile company Welspun India 's third quarter consolidated profit increased 21 percent year-on-year to Rs 174.08 crore, aided by revenue, operating profit and lower finance cost.
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