Saturday Bullion Market, gold jumped to 9-month high.Gold prices rose for the seventh consecutive day.The last trading day of the week, gold rose by Rs 30 to Rs 27,700 per ten gram is reached.
Silver prices steady
Gold prices continued upward, while stability is recorded in silver.Bullion Market on Friday, the price of silver rose by Rs 100 to Rs 35,800 per kg, with prices touched.Saturday also remained stable.
Why did gold prices
The rise in gold prices is mainly due to the wedding season. In fact, from December to February, when the bullion market is considered the peak season.The increase in demand for gold bullion Brokers lives. While a firming global cues Gold prices also stand fast.
Global market even faster
In New York, gold rose by 1.57 per cent to $ 1173.50 an ounce reached. Silver also rose by 1.08 percent while.Silver prices rose by 1.08 percent to $ 15.01 an ounce, after coming.
Since January, gold surged Rs 2,000
Falling prices of crude oil in January, a slowdown in China's economy and a stronger dollar as reasons gold prices have risen by around 6.5 percent.Since January 1 in the domestic market, gold prices have risen by Rs 2,000.Jewellers in hopes that demand would pick up in the coming days.
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