Thursday, 25 April 2013

Gold rises more than one per cent to near 2-week high - NDTV

Reuters | Updated On: April 26, 2013 07:50 (IST)

Gold rises more than one per cent to near 2-week high

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Singapore: Cash and U.S. gold futures rose more than 1 per cent to the highest since April 15 above $1,484 an ounce on Friday, extending Thursday's gains after a recent plunge in prices triggered bargain hunting and a surge in physical buying.

Premiums for gold bars soared to multi-year highs in Asia after a spate of physical buying ran down supplies, with dealers in top consumer India expecting a surge in imports this month.

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