In India, due to the heavy marriage season in month of November and December, Gold is in great demand. Gold prices had reached at Rs 16,980 per 10 gm, just less Rs20 in Rs. 17,000 in the month of November. Gold prices are all times high of Rs. 16,980 per 10 gm in the bullion market, whereas the same crossed crucial limits of $1,115 an ounce (one ounce = 31.1 gm) level in US.
In spite of this rise, stockiest and jewelers sustained buying yellow metal to fulfill the demand of the season. Even Reserve Bank of India bought 200 tons of Gold from the International Monetary Fund early in this month. For investors and stockiest too, it is the better time to invest create the new financial possibilities.
Standard Gold and Ornaments prices shot up by Rs. 105 to 16,980 and 16,830 per 10 gm respectively. Silver rose by Rs200 to Rs27,500 per kg and weekly-based delivery by Rs10 to Rs.27,050 per kg. Silver coins rose further by Rs100 to Rs33,500 for buying and Rs33,600 for selling of 100 pieces.