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Gold to touch US$1,200 by end Dec: Suresh Hundia

Posted on: September 7th 2009 in Commodity Views.

International gold prices may touch US$1,200 an ounce by the end of December, 2009 Suresh Hundia, president of the Bombay Bullion Association, said that investment demands by gold exchange-traded funds and China buying more gold reserves will help achieve this target. Gold steadied belo…

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Gold surges to near $1,000; touches new record in India

Posted on: September 5th 2009 in Press Releases.

NEW YORK: Gold prices surged to near 1,000 dollar level in global markets on Friday on investment buying while touching an all-time high in India on festive demand. Gold in the US futures market reached 999.50 dollar last night, the highest price since Feb 23 helped by lower equities as …

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