GOLD / SILVER
Silver jumped to retrace the key Rs 37,000-mark on the back of heavy speculative buyout. Standard Gold (99.5 purity) zoomed by a whopping Rs 400 to end at Rs 26,915 per 10 grams from Wednesday's closing level of Rs 26,515. Pure gold (99.9 purity) also shot-up by the same margin to finish at Rs 27,065 per 10 grams, as against Rs 26,665. Silver (.999 fineness) galloped by Rs 970 to conclude at Rs 37,780 per kg compared to Rs 36,810 previously. Spot gold was sharply higher at $ 1,197.00 an ounce in early trade. Taking positive cues from overseas market, silver prices edged higher by 1.34 percent to Rs 37,570 per kg in futures trade today after speculators enlarged their positions.
At the Multi Commodity Exchange, silver for delivery in far-month May contracts was up by Rs 498, or 1.34 percent, to Rs 37,570 per kg in business turnover of six lots.
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