demand in return for emergency funding to Greek banks.On the MCX, gold prices rose by 0.34 percent to close at Rs.27103/10 gms.SilverSpot silver prices rose by 0.5 percent on Tuesday to close at $16/oz
According to Emkay, Gold prices can now rally towards Rs 27050/27125 areas. Traders who are holding long positions from lower levels should continue to do so for upside levels mentioned above. Intraday dips and reversals from lower levels should be bought by day traders, says the report.
demand.Silver also recovered by Rs 200 to Rs 37,000 per kg on increased offtake by industrial units and coin makers. Bullion traders said besides a firming trend overseas, increased buying by jewellers