Gold is back in business

< script language=javascript>var msid=1290310                                                                      var mstatus = false;                                                                      var sUser, cookiestring;                                                                                                                                            function getCookievalue(strcookie)                                                                           {                                                                                                                                                        var ipos = cookiestring.indexOf(strcookie);                                                                              var ipos2 = cookiestring.indexOf(';',ipos);                                                                               if (ipos != -1) {   if (ipos2 == -1) ipos2 = cookiestring.length;                                                                               return unescape(cookiestring.substring((ipos+strcookie.length+1),ipos2))­;}                                                                            }                                                                                                                                            try                                                                      {                                                                                                                                                      document.domain='indiatimes.com';                                                                           cookiestring= document.cookie;                                                                                                                                                                                                        cookiestring = cookiestring.toLowerCase();                                                                                                                                                      sUser = getCookievalue('commlogu');                                                                           sUserLength = sUser.length;                                                                                                                                                           if (getCookievalue('cmssso') =='true') {mstatus=true;}                                                                      }                                                                      catch(er) {cookiestring=' '; sUserLength=0;}                                                                      try                                                                      {                                                                           if ((sUserLength > 0) && (mstatus == true) )                                                                                                                                                      {}                                                                           else                                                                           {                                                                                                                                                                                                                                      /*document.write('');     */                                                                                                                                                                                                                            }                                                                      }                                                                           catch(er) {cookiestring=' '; sUserLength=0;}< /script>

Gold’s back in business, prices up TIMES NEWS NETWORK[ THURSDAY, NOVEMBER 10, 2005 01:47:48 AM]

'                                                                                               + 'Surf '' + 'N' + '' Earn -'                                                                                               + 'Sign innow'                                                                                               + '

NRI Special Offer!

<!-- google_ad_region_start=article -->MUMBAI: Buoyed by encouraging overseas advice and a broadly positive sentiment in domestic market, gold prices registered a gain of Rs 60 per 10 gm to close at Rs 6,925 on Wednesday. Speculators and stockists were the main force behind the rally. Today’s gain was more spectacular because it happened on a day when the dollar hit a two-year high against the euro. Fresh buying by jewellery fabricators also pushed up gold prices to some extent, sources in the market said. In European trade, the yellow metal edged higher in a relatively quiet market, with industry players looking at currency markets for further direction. In Mumbai, pure gold (99.9) shot up by Rs 60 to Rs 6,960 per 10 gm on brisk buying. Standard gold (99.5) was higher by Rs 60 to settle at Rs 6,925. Thus the metal had gained Rs 110 in last three days. In New York, gold futures finished higher on speculative short-covering, analysts said. The December gold settled up by $1.9 to $462.3 an ounce on Tuesday. In Hong Kong, it rose to $460.9/461.4 an ounce as against $457.1/457.6. In London, spot gold was quoted at $462.3/463.1 an ounce, up from $461.2/462.0 last quoted in New York on Tuesday. In Delhi, standard gold rose by another Rs 30 at Rs 6,890 per 10 gm, while in Kolkata it firmed up further on speculative buying in the wake of higher international prices and registered a fresh gain of Rs 55 at Rs 7,045.