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Silver prices rising due to demand in silver coins and for industry

From http://economictimes.indiatimes.com/markets/commodities/gold-climbs-to-record-high-at-rs-30750-on-seasonal-demand/articleshow/14268988.cms

 

NEW DELHI: Gold zoomed to fresh record high of Rs 30,750 per 10 gm in the national capital today on brisk buying by stockists and jewellers for the current wedding season and a firming global trend. 

Silver also jumped up by Rs 800 to Rs 55,800 per kg on hectic demand by industrial units and coin makers. 
Silver ready spurted by Rs 800 to Rs 55,800 per kg and weekly-based delivery by Rs 695 to Rs 55,060 per kg.

Silver coins continued to be asked around previous level of Rs 64,000 for buying and Rs 65,000 for selling of 100 pieces.

 

Read the following for Industrial uses of silver:

1.

http://www.silverinstitute.org/site/wp-content/uploads/2011/07/futuresilverindustrialdemand.pdf

2.

Silver can go to $250 per ounce (current price is $28 per ounce).

http://www.moneymorning.com/reports/Silver_MMSIL01101.pdf

 





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