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Precious Metals Gain Foothold Post Skidding after Festive Season

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Precious Metals Gain Foothold Post Skidding after Festive Season

October 28
17:54 2014

gold ne1New Delhi, Tuesday, October 28 – Silver and gold usually have rollercoaster ride at different time intervals. As the demand surges, prices go up and as the demand takes a plunge, prices go down. Throughout the 5-day Diwali festival, a good sale was observed across different states. If truth be told then people almost doubled their purchase this year and enjoyed spending sums for precious metals. However, as soon as the festive time, a slight drop was observed.

But today, costs of the shining gold recuperated by INR 40, nonetheless, stayed a tad below INR 27,500 mark per 10 grams in Delhi, while the while metal soared by INR 50 to INR 38,250 per kilogram. Thanks to bigger off-take by factories and purchasing by jewelers and traders, the increase were observed.

People are looking forward to stability in price especially those who consider investing in gold a safer mean to overcome a number of troubles. The situation of rise and fall is anticipated to continue keeping in mind upcoming wedding season, a period when heavy jewelries are purchased and that too in bulk.

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