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Gold shoots to over 4-month high on seasonal demand

While silver has remained weak for the third day straight, Gold had hit a fresh over four months high by adding Rs 200 to per grams on high seasonal buying support. On the other hand, silver lost Rs 200 per kg on reduced offtake by coin makers and industrial units. Gold has become popular because of its demand during wedding season.

Gold prices high!

Gold prices high!

Though some might say that the economy is not doing well, still there are a lot of people who wanted to get married that picks gold as their choice. There have been a lot of reasons for the success of the gold industry and one of this is the investors that are seeing the capacity of the gold industry.

The white metal is still under pressure with some loses where it lost Rs 376 in the previous two weeks. But, though this is a fact, still silver coins are steady at Rs 64,000.

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