Silver-Gold Prices Up on Global Cues, Silver Kiss Top Rs 41000

Gold Prices Decline, Silver Rates Slump Amid Muted Demand

Gold Silver Reports (GSR) – Silver prices reclaimed the Rs41,000-mark by surging Rs250 per kg backed by increased offtake by industrial units and coin makers. Rising for the second straight day, gold prices edged higher by Rs10 to Rs31,870 per 10 grams at the bullion market today on persistent buying by local jewellers amid a firm trend overseas.

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Gold Inching Higher on Minor Short—Covering, Bargain Hunting and Capital Flight Problems in India

Gold Silver Reports (GSR) – Gold inching higher on minor short-covering, bargain hunting and capital flight problems in India — Gold inched back toward the $1300 level in early U.S. trading today – up $2.00 at $1299. Silver is up 17¢ at $16.68. The timing on the upticks, coincident the last few days with the COMEX open, gives the appearance of some minor short-covering, but it remains to be seen if it indicates a more conclusive turn among the big speculators.

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