Gold imports are likely to reach One Thousand tonne due to growing investments demands, while prices might touch USD 2,000 by March 2012 driven by global economic crisis, a senior SocotiaMocatta official today said.
Gold prices eased further at the domestic bullion market today on lower off-take from stockists and jewellers middle bearish global cues.
On the other hand, silver recovered moderately on the back of good industrial support. Standard Gold (99.5 purity) moved down by Rs 25 per 10 grams to close at Rs 28,640 from Wednesday's closing level of Rs 28,665. Pure gold (99.9 purity) also went down by a similar margin and concluded at Rs 28,780 as compared to Rs 28,805 yesterday.
However, Silver ready (.999 fineness) rose by Rs 245 per kg to end at Rs 56,250 from Rs 56,005 previously.
