Gold price nears Rs 36,000 mark, silver price jumps Rs 935

Date:

Gold and silver prices continued their rally on Friday with the precious metal rising by Rs 280 to Rs 35,950 per 10 gram and the white metal crossing Rs 42,000 mark on persistent buying from jewellers, according to the All India Sarafa Association.

Silver prices rose for the fourth consecutive day, surging Rs 935 to Rs 42,035 per kg on increased offtake by industrial units and coin makers. Silver has risen by Rs 1,925 in the previous three days.

“Bullion prices traded higher with international spot gold prices touching USD 1,452.95 on Friday and currently trading near USD 1,440. Silver prices gained momentum on expectations of revival in industrial demand on monetary easing from major central banks,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Disclaimer :- This post is independently published by the author. Infeed neither backs nor assumes liability for the opinions put forth by the author.

Share post:

Subscribe

Popular

More like this
Related

The Unstoppable Force: 5 Ways Rahul Gandhi Mirrors Mahatma Gandhi’s Vision of India

What’s it about Rahul Gandhi that every average common...

Rule-based world order goes for toss when it comes to Israel

The ongoing deadliest war of Israel on Gaza killing...

India in 1947 to India in 2014

India was looted and plundered during more than 150...

Grass Root Worker to the National Leader

Mallikarjuna is one of the few parliamentary pages in...