Gold, silver hit new high, again
Posted on: 16/Apr/2011 11:47:10 PM
The gold price reached new record high and has touched Rs. 2,003 per gm on Saturday. The price rise is attributed to the rise in gold prices in the international market and is mainly due to global recession and also due to steep rise in oil price. Silver prices also jumped sharply by Rs 2,640 a kg to Rs 63,930.
Mr Harmesh Arora, Director, NIBR Bullions, said gold prices in the domestic markets are purely driven by global developments. In fact, he said, the sharp appreciation in prices in the last few days. nlike the rally in gold, the spike in silver prices may sustain as there seems to be a huge supply shortage.
