Mumbai, Nov 16: Bouyant wedding seasonal demand amidst higher investors offtake pushed the yellow metal to cross the psychological Rs 29,000 mark at the domestic bullion market here today.
Silver also spurted on frantic speculative buying following heavy industrial demand.
“Prolonged uncertainty in equity market is moving the yellow metal as an alternate investment amidst marriage seasonal demand,” traders said.
Standard gold (99.5 purity) strengthened by Rs 240 per 10 grams to close at Rs 29,140 from Tuesday’s close of Rs 28,900.
From: http://ping.fm/EwSce
No comments:
Post a Comment