Investors are Opting for Gold and Silver The all-round buying by stockiest on reduced levels, Silver spot jumped to Rs. 1150 and reaches up to 36,700 on the closing of the market on Saturday. The prices of Gold kilo bar too went up by Rs. 200 per ten gram because a strong hike has been registered in the international markets as well. As per corporate news, the rise in the prices of both the valuable metals is due to the hike in the international as well as in the domestic markets at the end of last week. After the highest dip in the international markets, the investors’ all-round buying has made the prices take a leap and reaches at the level of 189 dollar per ounce. Silver too got a hike of 89 cents on 1629 cents.
The rise which we see in the International markets has really changed the outlook of the buyers and the buyers who were depressed due to the slump got busy in all-round buying. One week ago, Silver and Gold were closed on 1590 cent and 1171 dollar respectively. On this basis, it is observed that Silver got a boom of 39 ounce and Gold will get about 18 dollars per ounce. As a result, in the local wholesale market too stockiest and industrial units to be built in every sense of the competitive buying, at the end of the weekend, Silver spot soars Rs. 2000 and reached the highest level of Rs. 36,700 per kg. However, it plunges up to Rs. 34,700 before this.
However, as per the corporate news, in comparison of the last weeks’ closing level, it got a boom of Rs.1150. Similarly, the weekly commodity market too reached up to 36000 after hitting the lowest mark of 34000. This was closed at Rs. 34800 and basis on that; weekly commodity got a bounce of Rs.1200. Silver coin too got a hike of Rs. 20 and reaches the mark of Rs. 600/610. It went up to Rs. 570/580 before all this, which was the lowest level.
Since we got the news of spurt in the prices of Gold, here too gold kilo bar reaches up to the mark of 25,930, the lowest level and then got a slight improvement and got closed at Rs. 26,450. On weekly basis, Gold got a bounce of Rs. 200 and similarly, one week ago guinea goes up to Rs.23800 after having a dip of Rs.100 and an improvement of the same amount. The reason behind the plunge of both the valuable metals in the international market, is that Gold goes down and the investors’ all-round buying, corporate news reported.