Tuesday, November 24, 2015

investing in gold : Gold recovers in mariage season.

investing in gold : After falling for two days in a row, and gold prices recovered by Rs 90 25740 rupees in 10 grams in the bullion market today on new purchases by jewelers amid firm global trend.
Silver also recovered Rs 350 34150 rupees per kg on increased offtake by industrial units and coin makers one.
Gold traders said the emergence of buying by jewelers to meet the constant demand to marry global trend firm season mainly led to recovery in precious metals prices.
Gold rose in Singapore, which normally sets the price trend on the domestic front, rose 0.3% to $ 1,072.72 an ounce, while he was in London trading 0.49% higher at $ 1,073.90.
In the national capital, gold of 99.9 and 99.5% purity rose by Rs 90 per Rs 25740 and Rs 25 590 in 10 grams, respectively. The precious metal lost Rs 250 in the previous two days.
His Eminence, however, remained unchanged at 22200 rupees per piece of eight grams in restricted activity.
After gold, silver ready by Rs 350 34150 rupees per kilogram rose delivery on a weekly basis by Rs 335 33 635 rupees per kilogram.
On the other hand, silver coins continued to be traded in the last level of Rs 48,000 for buying and Rs 49000 for the sale of 100 pieces.