India gold up but wedding season stokes demand

Indian gold edged up on Wednesday evening tailing firm overseas markets, but a stronger rupee capped the upside, analysts and traders said.Demand in physical markets was steady, supported by the ongoing wedding season, they said.The most-active gold for June delivery on the Multi Commodity Exchange was trading 0.3% higher at Rs 21,225 per 10 grams [...]

Gold surges to record on euro, silver hits 31-year peak

Gold struck another record high on Friday as the dollar weakened against the euro, while silver hit a 31-year high after ETF holdings rose peaked on inflation worries driven by a surge in oil prices.A strong aftershock in Japan on Thursday initially put pressure on the Nikkei, but investors turned their attention to the prospect [...]

Silver hits new high on global cues,gold moves up

Silver continued its record spree for the sixth straight session today by rising Rs 650 to Rs 59,250 per kg on frantic buying by stockists and speculators, amid strong global cues.Gold also rose by Rs 55 to Rs 21,320 per 10 grams on fresh local buying, driven by the ongoing ”Navratra” festival.Trading sentiments remained bullish [...]

Gold hits record on euro, silver jumps to 31-year top

Gold jumped to a record high for a fifth straight trading day on Monday as the prospect of more declines in the US dollar drove investors into the precious metal, with record exchange traded fund holdings helping silver to its highest in more than three decades.Heightened inflationary threats despite interest hikes by China and the [...]

Spot silver to rise to $54.78 by end of 2011: Analyst

Spot silver may surge to record highs above USD 50 an ounce by the end of 2011, based on technical chart observations by Reuters analyst Wang Tao.Silver was one of the strongest performers of 2010 and has rallied by a third so far in 2011, to trade at a 31-year high of USD 41.93 on [...]

Gold at all-time high of Rs 21,710, silver at Rs 63,200

Both silver and gold set new records on the bullion market today on hectic buying by stockists for the upcoming marriage season amid firm global cues.While silver spurted by Rs 2,700 to a new high of Rs 63,200 per kg, gold gained Rs 280 to touch an all-time high of Rs 21,710 per 10 grams.Trading [...]

Gold hits record, silver surges on inflation fear

Gold rose 1% to a record and silver soared on Friday, as inflation worries amid a crude oil rally and a downgrade of Ireland’s sovereign debt powered bullion toward its fifth consecutive weekly gain.Silver rose to its highest in 31 years on speculative buying and tight supplies, and as data showing rising US consumer prices [...]

Gold hits record on inflation fear; silver at 31-yr high

Spot gold hit a record high and silver rose to a 31-year high on Monday, fuelled by concerns of rising inflation globally, and as a lingering euro zone sovereign debt crisis continued to boost safe-haven demand in precious metals.Spot gold hit a record of USD 1,488.50 an ounce, before easing to USD 1,484.29 by 0252 [...]

Gold at new highs on haven buying

The price of gold surged to a new record of nearly USD 1,500 an ounce after Standard & Poor’s warned that the US’s triple A rating was under threat.Investors have flocked to gold in recent years as an alternative to paper currencies, and prominent hedge fund managers such as David Einhorn of Greenlight Capital and [...]

India gold hits record high; physical demand abates

India gold futures extended gains to a record high on Monday following strong overseas leads, prompting physical traders to keep to the sidelines awaiting price falls ahead of the key buying festival of Akshaya Tritiya next month.The most-active gold for June delivery on the Multi Commodity Exchange (MCX) was trading 0.09 percent higher at Rs [...]

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