Monday, 19 January 2015

19th January 2015 Precious Metal Weekly Report

GOLD /SILVER

www.researchvia.com
Gold prices today soared by Rs 565 to trade at over two-month highs at Rs 27,885 per ten grams at the bullion market on brisk buying by jewellers and retailers to meet wedding season demand amidst a firming trends overseas. Silver also rose sharply by Rs 620 to Rs 37,900 per kg on increased offtake by industrial units and coin makers. Bullion traders said sentiment turned better after gold rallied to the highest since September in global markets as the dollar weakened after Switzerland decoupled its currency to the euro and lowered the deposit rate.

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