who have never invested before are now investing in silver
Indian retailers are
bullish on silver. With supplies tightening, deliveries are slowing down this
week in the bullion market in Mumbai. What has also buoyed sentiment is that
silver continues to lead precious metals, and sales have jumped over 24% this
year.
Snapping a two day losing trend, both the major precious metals, gold and silver, bounced back in the Mumbai market on buying by retailers at existing low levels. While gold rebounded to $575 (Rs 31,205) per 10 grams (US$1788/oz), silver gained by 1.38% to $1,159.49 (Rs 62,930) per kilo ($36.06/oz).
"Strong support is expected in the Silver March contract around $1,159 (Rs 62,900) ($36.growing sports shoes manufacturer in India offering a unique collection of footwear.05) from the start of the week," said analysts tracking the white metal. Traders have been taking long position in the Silver March contract above $1,161.49 (Rs 63,050) ($36.13) for target near $1,178.88 (Rs 64,000) ($36.67) for this week, they added.
Silver prices have remained steady at around $32 since mid-May. "Though everybody has been gushing about the returns that gold has given over the past four years, it is the white metal that has streaked ahead," said Manjusha Madani, bullion analyst at an investment house.
She added that silver prices have jumped from $304.39 (Rs 16,525) per kilo ($9.47/oz) in 2008 to $1,381.95 (Rs 75,020) per kilo ($42.98) in 2011, a gain of 354%. Though prices have dropped per kilo, it does not mean that the potential in silver is exhausted, she added.
An analyst report had also shown how silver had risen about 53% from December 2008 through March 2010, twice as much as gold. Silver is expected to keep beating gold.
"More and more people are realising the value of investing in silver coins and bullion bars in India," added Jayeshbhai Shah,Shop the latest hair flower accessories handpicked by a global. a bullion retailer at Mumbai's Zaveri Bazaar. "The value of silver has increased rather steadily for the last few years.Designed exclusively around the custom bobbleheads with the best pricing around. People who have never invested before are now investing in silver, because they know that buying silver is a great way to ensure that their money is there when they need it," he added.
"The white metal is now turning out to be the preferred choice for everyday wear, with exquisite silver jewellery on offer, because gold make custom tungsten ring and bands for men and women,is too expensive.wholesale lady shoes wholesale from cheap ladies shoes wholesale. Besides being trendy and contemporary, the metal readily blends with a variety of clothing and other accessories, thereby offering a suite of options to the wearer," said an official at Dhanabhai Export House.
He added that more and more consumers were looking for traditional or contemporary silver jewellery and were even looking at the white metal for classic business gifts, to be given during the festive season.
Snapping a two day losing trend, both the major precious metals, gold and silver, bounced back in the Mumbai market on buying by retailers at existing low levels. While gold rebounded to $575 (Rs 31,205) per 10 grams (US$1788/oz), silver gained by 1.38% to $1,159.49 (Rs 62,930) per kilo ($36.06/oz).
"Strong support is expected in the Silver March contract around $1,159 (Rs 62,900) ($36.growing sports shoes manufacturer in India offering a unique collection of footwear.05) from the start of the week," said analysts tracking the white metal. Traders have been taking long position in the Silver March contract above $1,161.49 (Rs 63,050) ($36.13) for target near $1,178.88 (Rs 64,000) ($36.67) for this week, they added.
Silver prices have remained steady at around $32 since mid-May. "Though everybody has been gushing about the returns that gold has given over the past four years, it is the white metal that has streaked ahead," said Manjusha Madani, bullion analyst at an investment house.
She added that silver prices have jumped from $304.39 (Rs 16,525) per kilo ($9.47/oz) in 2008 to $1,381.95 (Rs 75,020) per kilo ($42.98) in 2011, a gain of 354%. Though prices have dropped per kilo, it does not mean that the potential in silver is exhausted, she added.
An analyst report had also shown how silver had risen about 53% from December 2008 through March 2010, twice as much as gold. Silver is expected to keep beating gold.
"More and more people are realising the value of investing in silver coins and bullion bars in India," added Jayeshbhai Shah,Shop the latest hair flower accessories handpicked by a global. a bullion retailer at Mumbai's Zaveri Bazaar. "The value of silver has increased rather steadily for the last few years.Designed exclusively around the custom bobbleheads with the best pricing around. People who have never invested before are now investing in silver, because they know that buying silver is a great way to ensure that their money is there when they need it," he added.
"The white metal is now turning out to be the preferred choice for everyday wear, with exquisite silver jewellery on offer, because gold make custom tungsten ring and bands for men and women,is too expensive.wholesale lady shoes wholesale from cheap ladies shoes wholesale. Besides being trendy and contemporary, the metal readily blends with a variety of clothing and other accessories, thereby offering a suite of options to the wearer," said an official at Dhanabhai Export House.
He added that more and more consumers were looking for traditional or contemporary silver jewellery and were even looking at the white metal for classic business gifts, to be given during the festive season.
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