GOLD /SILVER
Gold prices recoils sharply and ended to a more than one-week high at the domestic bullion market here following agitated buying by jewellery stockists and traders amid durable retail demand ahead of year-end jollity and wedding season. Moving in line with the general trend, silver also bounce to retrace the key Rs 37,000-mark on the back of heavy conjectural buyout. Standard Gold (99.5 purity) shoot up by a whopping Rs 400 to end at Rs 26,915 per 10 grams from Wednesday's ending level of Rs 26,515. Pure gold (99.9 purity) also dive up by the same margin to end at Rs 27,065 per 10 grams, as against Rs 26,665.



ZINC
Zinc futures finished lower in the domestic market on Wednesday depart positions in the industrial metal among tepid physical demand for zinc in the domestic spot market. With the year drawing to a end, investors are abstain from undertaking major positions in base metals as they eye further policy easing measures from China, the world’s largest metals consumer, to prod economic growth, following a surprise rate cut in November. A currency calamity in Russia, stagnation in Europe and a Japanese recession has further blacken the demand outlook for zinc. MCX, Zinc futures for December 2014 contract ended at Rs 137.30 per 1 kg, downward by 0.11 per cent after opening at Rs 137.55, against the last ending price of Rs 137.45. It touched the intra day low-laying of Rs 136.85 till the ending.