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.
