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Tearing a 5 day losing run, the silver prices added Rs. 650 to reach Rs. 52,150 per kg today on lively buying by the stockists and speculators among firming global trend.Gold also rose for the second continuos day by adding Rs. 150 to reach Rs. 22,440 per 10 grams on the local buying supported amid a firm vogue in the overseas market.

Silver coins followed the gaining suit and forged by Rs. 1,000 to reach Rs. 56,000 for buying and Rs. 57,000 for selling of 100 pieces.The trading sentiment turned optimistic after precious metals gained in the global markets as concern about Greece’s debt woes and a weaker dollar goaded demand for metals as an substitute investment.

Though the yellow metal rose by 6 dollars to reach $ 1,507.40 an ounce overseas, silver gained 1.1 % and reached $ 34.31 an ounce.Additionally, some local buying for the on-going marriage season further fired the uptrend.On the domestic look, silver ready, which persisted under selling pressure during the last 5 trading session’s and had lost Rs. 3,300 recoiled by Rs. 650 to Rs. 52,150 per kg.Similarly, the silver weekly based delivery heaved by Rs. 1,495 to reach Rs. 52,175 per kg on notional buying.

Silver gains from a 5-day losing streak, gold remains strong
Originally published on: All India Today

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