GOLD /SILVER
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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