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04-24-2012, 10:18 PM #1
Gold rises to fresh 2-month high on 'Akshaya Tritiya'Gold advanced further to hit a fresh two-month high of Rs 29,100 per 10 grams on Tuesday, driven by heavy buying by retail customers for the festival of ’Akshaya Tritiya’.
The yellow metal remained bullish for the fifth straight session by adding Rs 30 to Rs 29,100 per 10 grams, a level last seen on February 23, on increased buying for Akshaya Tritiya, considered an auspicious day in Hindu mythology for buying precious metals.
Gold has gained Rs 280 in the last four trading sessions on sustained buying.
Traders said the metal remained strong in last few sessions as customers ignored a weakening trend in overseas markets and continued fresh buying for the auspicious occasion.
They said trading volumes were narrow as retail customers were making token purchases on the occasion at prevailing costly levels.
With an aim to cash in on the investor demand, both the leading stock exchanges, BSE and NSE, have extended trading hours today till 2000 hours in gold ETFs (Exchange Traded Funds)....being a human...
04-25-2012, 11:22 AM #2