Silver, gold prices soar
OWING TO hike in crude oil prices in the international market, the prices of silver and gold have again registered a massive hike today.india Updated: Apr 18, 2006 14:52 IST
OWING TO hike in crude oil prices in the international market, the prices of silver and gold have again registered a massive hike today.
According to bullion market sources, in the evening today, the price of silver in the international market touched $ 13.30 per ounce. In the domestic market, the price of silver has recorded Rs 20,000 per Kg (in MCX), whereas in the local market raw silver (tunch) was Rs 19,400 per Kg and Silver-999 was Rs 19,700 per Kg today.
The price of gold in domestic market has been the highest in last 25 years. In the international market the gold touched $ 611 per ounce, whereas in the domestic market it was Rs 910 per gram. It was the highest is last 25 years. In the local bullion market the price recorded was Rs 913 per gram.
Local bullion trader Navneet Agarwal said the prices are likely to hike in future again, due to hike in price of crude oil in the world market, which would show its effect in local market too.