The Phaserl


Gold hits 1-month high on buying, global cues; silver surges

from Hindu Times:

Gold prices hit a one-month high and reclaimed the Rs. 27,000 per 10-gram level at the bullion market in Mumbai on Monday, on higher offtake by stockists and investors coupled with firm buying triggered by bullish global trend.

Silver, which had been on a southward journey since the last six trading sessions, rebounded strongly and retraced the Rs. 41,000 per kg mark on the back of sustained speculative buying amid heavy industrial off-take.

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