Saturday, July 20, 2013

Gold, Silver gain on fresh Demand


Gold surged to Rs 27,300 per ten grams, silver appreciated to Rs 40,730 per kg

Both the precious metals, gold and silver gained in the national capital on Friday on fresh buying by stockists amid a firm global trend.
While gold surged by Rs 275 to Rs 27,300 per ten grams, silver gained Rs 295 to Rs 40,730 per kg on increased offtake by jewellers and industrial units.
Sentiments bolstered after gold surged to a three-week high in global markets, as Federal Reserve Chairman’s comments that stimulus may be maintained spurred demand for the metal.
Gold in London, which normally sets the price trend on the domestic front, appreciated 0.3 per cent to USD 1,287.69 an ounce.
On the domestic front, gold of 99.9 and 99.5 per cent purity zoomed up by Rs 275 each to Rs 27,300 and Rs 27,100 per ten grams, respectively.

 http://www.thehindu.com/business/markets/gold-silver-gain-on-fresh-demand/article4931651.ece


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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