Gold price gains for third day on global cues, jewellers demand

Mumbai-India (Jun 10)  Riding high on positive global cues and increased buying by jewellers at spot markets, gold continued its upward trend for the third straight day and gained another Rs 100 to Rs 27,150 per ten grams at the bullion market today.

Silver rebounded by Rs 500 to Rs 37,800 per kg on the back of increased offtake by industrial units.

Bullion traders said the mood remained firm after precious metals rose in global markets as the dollar weakened and concern increased that Greece may stumble in its bid to avoid default, boosting demand for the safe haven.