World inflation surges

World inflation surges

Anderson : IN : USA | Apr 18, 2011 at 9:04 AM PDT
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Gold hits record Rs 21420; silver at 31-yr high

According to a report, investment in gold has posted more than 60 percent increase.

Surge in inflation across the world and impending financial crunch in Europe are the major causes of increase in gold and silver demand and prices.

In New York, the gold has reached $1479.70 per ounce and the silver has traded at $43.28 per ounce. During the last month, the gold and silver prices surged by 7 percent and 24.50 percent respectively.

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waleed ather is based in Karāchi, Sind, Pakistan, and is a Stringer on Allvoices.
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News Stories

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