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Journalism of Courage
Silver prices surged further at the bullion market here today to regain Rs 46,000 per kilo on highly speculative buying and industrial demand amidst bullish global trend.
Gold edged higher owing to mild retail buying on the back of festive outlook.
“Investors are charmed more by silver better than the yellow metal due to swift price movements,” traders said.
Silver ready (.999 fineness) rallied by Rs 425 per kg to close at Rs 46,015 from Tuesday’s closing level of Rs 45,590.
Standard gold (99.5 per cent purity) moved up by Rs 5 per 10 grams to settle at Rs 20,345 from yesterday’s closing level of Rs 20,340.
Pure gold (99.9 per cent purity) also gained by Rs 10 per 10 grams to finish at Rs 20,445 as against Rs 20,435 previously.
In Europe,Gold prices rose on weakening dollar and caution ahead of sale of Portuguese bond auction renewed interest in precious metals.
Spot gold was bid at USD 1,383.10 an ounce in early trade as against USD 1,380.45 late in New York on Tuesday. Spot silver was bid at USD 29.67 an ounce as compared to USD 29.50.
