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Silver Rises Smartly On Industrial Demand, Gold Also Gains

Mumbai, Nov 22: Silver prices recouped smartly at the domestic bullion market today on hectic stockist and speculative buying amidst firm industrial demand.Gold gained modestly on renewed jewellery buying due to ongoing wedding season.Silver ready

PTI [ Updated: November 22, 2011 19:01 IST ]
silver rises smartly on industrial demand gold also gains
silver rises smartly on industrial demand gold also gains

Mumbai, Nov 22: Silver prices recouped smartly at the domestic bullion market today on hectic stockist and speculative buying amidst firm industrial demand.


Gold gained modestly on renewed jewellery buying due to ongoing wedding season.

Silver ready (.999 fineness) climbed up by Rs 790 per kg to end at Rs 56,170 from Monday's closing level of Rs 55,380. Standard gold (99.5 purity) rose by Rs 50 per 10 grams to finish at Rs 28,780 from overnight closing level of Rs 28,730.

Pure gold (99.9 purity) also moved up by a similar margin to close at Rs 28,915 per 10 grams as compared to Rs 28,865 yesterday. In New York, gold dropped below USD 1,700 an ounce on all-round commodity sell-off amidst strong dollar and persistent eurozone worries.

Gold for December delivery lost USD 46.50 to USD 1,678.60 an ounce on Comex division of NYMEX late yesterday.

December silver shed USD 1.30 to USD 31.12 an ounce.

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