trade-with-commodities.blogspot.com
NEW DELHI, INDIA, February 1, 2009: Mirroring a global trend, gold prices here surged to a new peak Saturday at US$29.30 per gram. In India the demand was partly fueled by jewelry fabricators for temples and ceremonies, especially marriages.
Considered a hedge against inflation, gold also rose to a three-monthhigh in London in response to firming crude oil prices. A similar firming trend was noticed in silver.