Shanghai gold, silver rally as market opens on Wednesday

The spot deferred gold contract on the Shanghai Gold Exchange rallied 2.6 percent to 327.85 yuan a gram ($1,621 an ounce) on Wednesday, when the market resumed trading in the new year, tracking gains in gold prices in the global market.

Shanghai spot deferred silver jumped nearly 6 percent at the opening to 6,215 yuan a kilogram ($30.73 an ounce), after spot silver soared 6.4 percent in the previous session.   – Reuters

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Posted by Silver Guru on Jan 4 2012. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry