Bullion: Gold prices maintained its bullishness for second week in a row

Mumbai-India (Feb 11)  Tracking gold, silver too surpassed 42,000-mark per kg level on sustained speculative buying by industrial units.

The yellow-metal gained 1.18 per cent or Rs 340, while, white-metal silver too gained 3.39 per cent or Rs 1,400 in two-weeks.

The major physical markets in Asia were mixed this week as Indian jewellers stocked up for wedding season, while rising prices sidelined buyers elsewhere.

In worldwide trade, Gold finished the week with a gain of more than 1 per cent as the US dollar lost more ground against the yen during a joint conference between the leaders of Japan and the US.

The yellow-metal most-active contracts, climbed by 1.2 per cent for the week, while white-metal saw a weekly rise of 2.6 per cent.

Source: DNA