Financial Daily from THE HINDU group of publications
Tuesday, Apr 11, 2006
Financial Daily from THE HINDU group of publications Tuesday, Apr 11, 2006 |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Gold & Silver Gold, silver scale new peak Our bureau
Mumbai , April 10 Gold and silver prices on Monday touched an all time high level following strong overseas market reports amid restricted local buying interest, a local trader said. Silver (.999 fineness) was up Rs 460 at Rs 18,545 a kg over previous close. Pure gold prices were up Rs 130 at Rs 8,750 for 10 gm. Standard mint prices were down Rs 130 at Rs 8,705 per 10 gm. "Fresh demand for yellow metal is limited as prices are moving up. Fresh buying may resume next week," a trader said. "Fresh buying at retail level is almost down by 30-40 per cent as there is a buyer's resistance at this level," he said. In gold, there is a shortage of 100-gm bars but overall supply is adequate. In silver, demand for pure metal is low but there are reports of old silver articles being recycled. Overall supply of scrap metal is limited. Chennai: Bar silver: Rs 18,810; retail silver (per gm): Rs 20.10; Standard gold: Rs 8,780; retail ornament gold (22 carat per gm): Rs 813.
More Stories on : Gold & Silver
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|