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Reply #48: Gold adds Rs 220, silver Rs 150 on seasonal demand [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 09:00 AM
Response to Reply #24
48. Gold adds Rs 220, silver Rs 150 on seasonal demand

NEW DELHI: Gold prices rallied for the fourth consecutive day by adding Rs 220 to Rs 29,440 per 10 grams in the bullion market here today on seasonal demand amid a firming global trend.

Silver also moved up by Rs 150 to Rs 55,900 per kg on emergence of buying by jewellers and industrial units at prevailing lower levels.

Traders said buying by investors as the weakening equity and forex markets left no other option for them but to park their funds in bullion also influence the sentiment.

In Singapore, gold rose 0.7 per cent to USD 1,727.50 an ounce.
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