first majestic silver

Gold for December delivery climbed to settle at USD

November 22, 2014

Mumbai-India (Nov 23)  Gold for December delivery climbed to settle at USD 1,197.70 an ounce on the Comex division of the NYMEX against last weekend's level of USD 1,185.60 and silver also moved up to USD 16.40 an ounce from USD 16.31 previously.

On the domestic front, standard gold (99.5 purity) resumed lower at Rs 26,335 and traded in a narrow range of Rs 26,595 and Rs 26,325. It concluded at Rs 26,405 against last weekend's close of Rs 26,400, showing a marginal gain of Rs 5 per 10 grams. Pure gold (99.9 purity) also started weak at Rs 26,485 and hovered between Rs 26,745 and Rs 26,475. It settled at Rs 26,555 from last close of Rs 26,550, posting a rise of Rs 5 per 10 grams.

Silver (.999 fineness) commenced firmly higher at Rs 37,000, but later drifted to a low of Rs 36,660 before rebounding to finish at Rs 37,160. Last Saturday it closed at Rs 36,840, revealing a smart rise of Rs 320 per kilo.

Source: deccanChronical

Gold Eagle twitter                Like Gold Eagle on Facebook