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Precious metals recover on fresh demand

Mumbai, May 22: Precious metals recovered today on fresh demand in the opening session, traders at the Bombay Bullion Association said here.

Following are the opening rates of Spot Silver and Gold: Silver (per kg).999 fineness grade: Rs 18,295, Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 8,750, Gold 99.9 purity pure Gold : Rs 8,800.

UNI
Topics: gold, silver

Multi Commodity Exchange sees increased turnover

London, Feb 22:  Multi Commodity Exchange (MCX) expects to expand rapidly and become one of the world's top five futures exchanges in two to three years, its joint managing director said on Wednesday.''We could triple our turnover to, say, billion a month after the next two fiscal years,'' Lamon Rutten, joint managing director of MCX, told Reuters.He said growth would be driven by the expected additional participation of institutional and foreign groups in the next few years. At present only.....
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