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This week we focus on a complete analysis of the
Banking Industry
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Capital market experts favour rolling settlement
Press Trust of India
MUMBAI: Prices of both the precious metals,gold and silver, rose steeply on the bullion market here on Wednesdaywith the yellow metal skyrocketing by Rs 100 per ten gram andsilver rallying by Rs 105 per kg, reports PTI. Gold prices, in the international markets, ralliedfollowing better-than-expected results from the second UK goldauction, traders said. In the Asian markets, the yellow metalwent upto usd 262.60/263.50 per troy ounce from the previousclose of usd 255.00/255.50 per troy ounce, they said. Silver also displayed big rally in sympathy with gold. Standard gold jumped up by Rs 100 to close at Rs 4150 asagainst the last close of Rs 4050. 22-carat gold was nominallyquoted smartly higher at Rs 3840 from Rs 3745 and ten-tolagold bar (.999 purity) shot up by Rs 1000 to Rs 48,500 fromyesterday's close of Rs 47,500. Ready silver (.999 fineness) opened firm at Rs 8125 butlater, reacted down moderately and closed at Rs 8075, showinga smart rise of Rs 105 over the last close of Rs 7970. Rawsilver (.916 fineness) firmed up by Rs 115 to Rs 7955 from Rs7840 and tenderable silver rose to Rs 8080 from Rs 7975.
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