Silver prices may rise in the second half of 2012 and 2013. The German bank
revised its average forecasts of $33.50 an ounce for 2012 and $41.70/oz for
2013. Silver today fell by Rs 100 to Rs 53,000 per kg due to reduced off take
at prevailing levels. The silver
had gained Rs 800 in last four trading
sessions. Silver coins price remain stable at Rs 62,000 for buying and
Rs 63,000 for selling of 100 pieces.
On Monday trading spot gold is already up at $1623 an ounce after posting a
weekly gain of 2.5%.In India October Gold closed sharply higher on Saturday and
support levels at 30,025, 29,780 and resistance levels at 30,390 and 30630. Physical
gold demand in the Asian region, the price of precious metal is hope to be
higher in the festival time and it must be result in increase in gold and
silver price. gold prices rose by Rs 42 to Rs 30,215 per 10 gm in futures trade
today.
Spot gold jumped 1.5 per cent to a three-week high of $1,609.91 an ounce in
the previous session, "There is no buying as prices are very high and
liquidity is very tight," said Hirachand Gulecha.
Gold bar premiums in Singapore were
steady at 80 cents an ounce above London prices, In Hong Kong, the price is higher
which causes less buyer and premiums were little changed in the range of $1 to
$1.50 an ounce.
silver above 53350 on the upside in
next trading session.
Buy silver above 53350 on the
upside in next trading session.
and sell Sell gold below
2974.0
and
sell gold below 29740
