Gold prices today glide by Rs 565 to trade at over two months of max at Rs 27,885 per ten grams at the bullion market on brisk buying by jewelers and retailers to meet the wedding season desired during a firming trend overseas. Silver also increased sharply by Rs 620 to Rs 37,900 per kg on increased offtake by industrial units and coin makers. Bullion traders said point of view turned better after gold reassemble to the biggest since September in global markets as the dollar weakened after Switzerland disconnect its currency to the euro and lowered the deposit rate. Gold in New York, which mainly set the price trend on the domestic front, hiked upward by USD 33.50, or 2.73 percent to USD 1,262.60 an ounce and silver by 0.68 percent to USD 16.96 an ounce in yesterday's trade.Monday, January 19, 2015
Commodity Updates : Gold Prices Today Glide by Rs 565
Gold prices today glide by Rs 565 to trade at over two months of max at Rs 27,885 per ten grams at the bullion market on brisk buying by jewelers and retailers to meet the wedding season desired during a firming trend overseas. Silver also increased sharply by Rs 620 to Rs 37,900 per kg on increased offtake by industrial units and coin makers. Bullion traders said point of view turned better after gold reassemble to the biggest since September in global markets as the dollar weakened after Switzerland disconnect its currency to the euro and lowered the deposit rate. Gold in New York, which mainly set the price trend on the domestic front, hiked upward by USD 33.50, or 2.73 percent to USD 1,262.60 an ounce and silver by 0.68 percent to USD 16.96 an ounce in yesterday's trade.
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