The demand for gold and silver witnessed a rise on the beginning of the auspicious occasion of Vikram Samvat 2065. Prices of silver increased by Rs 95 per kg and closed at Rs 17,370 while the prices of gold increased by Rs 245 and closed at Rs 12,100. The Bombay Bullion Association said that industrial and ornament users preferred purchase of these metals as a best investment mode amid the volatile financial markets.

Some buying in precious metals was witnessed on occasion of Dhanteras and 'Lakshmi Poojan' as it is considered an auspicious occasion for buying gold and silver as per Indian traditions.

Many stockists have started buying more and more gold and the demand for yellow metal is likely to further increase in the coming days. The vice president of Bombay Bullion Association (BBA), Harmesh Arora said that gold prices can fluctuate in coming days. It is considered as a good investment sources as stock market conditions are not good following global financial crisis.