Kerr Mines Inc (KER)

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« ...Gold prices rise to six-year high on festival season demand

« Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices... »

« ... New Delhi: Gold strengthened for the sixth straight week and gathered further grounds to hit an almost six-year high of Rs 32,780 and ended at Rs 32,650 per 10 gram at the bullion market, amid pick-up in buying activity ahead of Diwali.

Silver, however, lacked necessary buying support and shed some grounds.

Bullion traders said persistent buying by ornament makers, triggered by upcoming festival and wedding season demand lifted gold prices to an almost six-year high of Rs 32,780 per 10 gram.

Globally, gold after moving both ways, ended the week a shade lower at $1,233.20 an ounce, against previous week’s $1,233.80. Silver, too, ended almost flat at $14.82 an ounce.... »


https://www.livemint.com/Money/aqbV9EnkHwqxtrzr52bfQI/Gold-prices-rise-silver-rates-gain-on-festival-season-deman.html

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