Silver advanced by Rs 100 to Rs 41,300/kg on pick-up in demand from industrial units, coin makers
Rising prices have, however, nudged bears to increase their short positions
Punters increase bearish bets; those with ready bullion are selling in spot and buying futures
Spot gold was up 0.4 percent at $1,196.06 per ounce
Silver was up 1.3 percent at $16.77 an ounce, after rising to $16.90, its highest since Dec 15
Gold is highly sensitive to rising US interest rates
Spot gold is up nearly 5 percent from mid-December, when it touched 10-month lows
Sources said a total of 8.5 kg of precious metal was allegedly found missing
After three sessions of gains, gold prices declined by Rs 20 to Rs 28,710 per 10 grams on Friday
Yelllow metal adds Rs 50 per 10 grams in NCR, Silver up by Rs 300 a kg on higher offtake at home
Here are some emerging trends that are expected to change the way gold business is done in India
Absence of cues from global markets which are closed, mainly kept gold prices unaltered
The gold biscuits had been allegedly smuggled from Sri Lanka and were being taken to Tiruchirappalli
The most active US gold futures for Feb delivery settled up $2.1, or 0.18%, at $1,140.90 per ounce
The bullion trade was very thin since February and the average monthly import was 25-30 tonnes
Silver (.999 fineness) fell by Rs 275 per kg to finish at Rs 39,300 from from Rs 39,575
Gold futures for February delivery went up by $10.90, or 1 per cent, at $1,144.50 in light volume
Gold holdings at Muthoot Finance, Manappuram Finance and Muthoot Fincorp stood at 263 tonnes in Sept
Silver fell by Rs 210 to Rs 38,600 a kg on reduced offtake by industrial units and coin makers
Bullion gave up earlier gains as the greenback came off session lows against six major currencies