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Reply #13: Gold, silver surge on seasonal demand, firm global trend [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-28-11 07:42 AM
Response to Reply #6
13. Gold, silver surge on seasonal demand, firm global trend

NEW DELHI, Both the precious metals, gold and silver kick started the week on a positive note today, on brisk buying by stockists and jewellers for the ongoing marriage season amid a firming global trend.

While gold surged by Rs 240 to Rs 29,180 per 10 grams, silver rose by Rs 700 to Rs 55,900 per kg on pick-up in demand from jewellers and industrial units.

The trading sentiment turned bullish on heavy buying by retail customers for the ongoing marriage season and stockists creating fresh positions to meet the demand from jewellers.

The firming trend was further supported, as gold gained in Asia on report that the International Monetary Fund preparing a loan for Italy strengthened the euro against the dollar.
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