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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver likely to hit $36/oz by Dec

Posted on 19 November 2012

Rising investment demand may raise silver prices 12 per cent to $36 an ounce (oz) by the year-end and $50 an oz by the end of 2013, according to ‘Silver Market Review’, an interim report by Thomson Reuters GFMS, a London-based global precious metals consultancy.
In India, silver prices would stand at Rs 70,000 a kg by the year-end and about Rs 90,000 a kg by the end of next year. Yesterday, the metal closed at $32.22 an oz. In Mumbai, silver is trading at about Rs 61,000 a kg……………………………………….Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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