Mr. Prithviraj Kothari, MD, RSBL – Gold on life support

Gold prices climbed up on Thursday and it showed recovery for the first time in 10 months as the metal’s inflation-hedge appeal jumped following the ECB rate cut. Adding to this, the hopes of easing measures by the US Federal Reserve continued to boost gold and silver. The price of gold increased by 1.48% to $1,467.6; Silver rose by 3.40% to $23.81. During the week, gold rose by 1.0%; silver, by 0.2%.

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