Today
Gold crossed 32,000 mark for the first time driven by good
guying by stockists on strong marriage season demand. Gold gained Rs
320 to Rs 32,300/10gms and has gained Rs 1,555/10gms in last two
weeks. MCX GOLD TIPS. Experts believes that trading sentiments
helped a lot in increasing gold prices as in international markets
gold prices rose on speculation that European central bank will
announce unlimited purchase of government bonds to dim euro-zone debt
crisis. Experts believes that in coming days gold is likely to touch
new heights in coming marriage season. Due to firm global trend and
weak rupee is making gold costlier, Experts says. As India is mainly
dependent on imports for precious metals so global bullion trend sets
prices in Indian domestic market. In London gold prices rose by 0.95
percent to 1,709.70 an ounce and Silver by 1.8 percent. In domestic
markets Silver gained 1,100 to 61,100/kg on rising demands in
industrial units and coin makers.
American
banks are expecting that gold is going to reach all time high of
$2000 by the end of this year. December
gold last traded down $2.20 at $1,693.80 an ounce on the Comex
division of the New York Mercantile Exchange. Spot gold was last
quoted down $4.60 an ounce at $1,692.00. December Comex silver last
traded down $0.176 at $32.235 an ounce.
