praveen
24-11-2007, 07:06 AM
Gold continued to rule higher for a third straight day at the local market on Friday on sustained enquiries from stockists, supported by firm trend in overseas markets.
Even, Delhi and Chennai after a brief pause on Thursday, joined the mainstream and posted a handsome gains.
However, high prices kept physical buyers out of window. “Even some dealers are now offering discount to lure consumers,” a bullion dealer said, who wished not to be named.
In international markets, London gold tested the water when the metal crossed the $810 an ounce mark. The tumbling dollar provoked fund managers to shift focus again on the yellow metal.
Even, Delhi and Chennai after a brief pause on Thursday, joined the mainstream and posted a handsome gains.
However, high prices kept physical buyers out of window. “Even some dealers are now offering discount to lure consumers,” a bullion dealer said, who wished not to be named.
In international markets, London gold tested the water when the metal crossed the $810 an ounce mark. The tumbling dollar provoked fund managers to shift focus again on the yellow metal.