Gold, silver soar on seasonal demand, global cues
Silver ready (.999 fineness) surged by Rs 400 per kg to close at Rs 56,450 as against Rs 56,050 on Friday. In New York, gold futures jumped on disappointing US job data, reigniting possibility of further monetary easing measures amid political uncertainties in euro-zone. Gold for June delivery added USD 10.40 to USD 1,645.20 an ounce on the Comex division of the NYMEX late on Friday. Silver for July contract gained 42 cents to settled at USD 30.43 an ounce.