Monday, 11 April 2011
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MCX Silver gains on industrial demand
Silver rose in tandem with gold and extended its last week rally and was seen trading near its life time high at MCX on Monday. The global uncertainty due to persistent unrest in MENA along with firm crude prices supported white metal's safe have demand. The weakness in dollar also supported metal. We expect the prices to trade in a range as it can get support on rising investment demand
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