Gold prices bounced back strongly and hit nearly two-week
high at the bullion market here today on renewed off-take by stockiest and traders
amidst positive cues from overseas markets.
Gold traders in India, the world's biggest buyer of the
metal, refrained from fresh purchases as prices climbed to their highest level
in more than two weeks.
Standard Gold of 99.5 per cent purity spurted by Rs 430
to finish at Rs 26,640 per 10 gm from Wednesday's closing level of Rs 26,210.
Pure Gold of 99.9 per cent purity also climbed up by a
similar margin to end at Rs 26,775 per 10 gm from Rs 26,345.
Silver ready (.999 fineness) rose by Rs 850 to close at
Rs 41,860 per kg from Rs 41,010 previously.
Silver also recovered on hectic speculative buying
coupled with good industrial demand.
Bullion has gained 5 percent so far this week, on course
for its largest weekly climb since October 2011.
Comex gold and silver were also trading near multi-week
highs hit on Thursday.
Investors pulled $998.8 million from commodities and
precious metals funds, up from withdrawals of $92.6 million the prior week,
data from Thomson Reuters' Lipper service showed on Thursday.
CH
STOCK CASH PLUS CALLS 12-07-2013
BUY PAGE INDUS
(LCP 4360.7) ABOVE 4375 TG-4400-4440
BUY ECLERX SERVICES (LCP-775) ABOVE 778 TG-785-795
BUY ECLERX SERVICES (LCP-775) ABOVE 778 TG-785-795
BUY AJANTA PHARMA
(LCP-1070.75) ABOVE 1075 TG-1085-1100
BUY TTK PRESTIGE
(LCP-3863.65) ABOVE 3880 TG-3905-3940
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