Eldora Gold Resources News: Gold regains 20k level on seasonal demand

Eldora Gold Resources Latest News: New Delhi, Gold prices regained Rs 20,000 per 10 gram
level and silver rose to an all-time-high in the national capital on frantic buying by stockists and
jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.

As the gold prices rose by Rs 75 to Rs 20,000 per 10 gram, a level last seen on October 19, the
silver spurted by Rs 200 to Rs 37,700 per kg, a level never seen before.

Trading sentiment turned extremely bullish after silver surged to 30-year high in overseas
markets, as a weaker dollar increased the investment appeal of precious metals.

While the silver in overseas markets, which normally set a price trend on the domestic front
here, rose 1.2 per cent to USD 25.05 an ounce, the highest level since March 1980 and gold to a
two-week high by rising 0.2 per cent to USD 1,361.45 an ounce.

Buying activity further fuelled retailers and jewellers to buy for coming Diwali and Dhanterus,
the two most auspicious days in Hindu mythology for making new purchases of precious
metals.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - On the domestic
front, the gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 20,000 and Rs 19,900
per 10 gram, respectively. Sovereign also gained Rs 50 to Rs 15,950 per piece of eight gram.

Silver ready spurted by Rs 200 to an all-time high of Rs 37,700 per kg and weekly-based delivery
by Rs 240 to Rs 37,295 per kg.

Eldora Gold Resources News: Gold regains 20k level on seasonal demand - Silver coins spurted
by Rs 620 to a new peak level of Rs 42,500 for buying and Rs 43,000 for selling of 100 pieces.
The silver coins normally used for worshipping on Diwali, witnessed maximum buying.

Eldora Gold was founded by a group of experts in the mineral recovery and mining industry,
whose focus is to provide accurate information, state of the art equipment and outstanding
customer service. There are 3 core founders, each with a unique and extensive background.

The President has been involved in technical sales and engineering for over 25 years holding 5
certificates in ferrous metallurgy and is a member of the Society of Manufacturing Engineers.
He also brings with him and extensive manufacturing background and a strong sales history
specializing in the technical sales of Eldora Gold Resources Canada’s tailings processing service
along with the Property Evaluation service.
Our Chief Geologist has been a consultant/contractor in the mining exploration industry for
over 20 years and holds a BSc In Geology from McMaster University. With extensive mining and
database experience from projects worldwide, his client list is very extensive and includes some
of the top names in the mining industry. Specializing in Property Evaluation using Eldora Gold
Resources Canada’s data analysis process he offers accurate property reports using the latest
technology.