January 29, 2012
Gold futures for February delivery gained at the end of the trading week, closing at $1,700.10 on New York’s Comex exchange, MarketWatch reports.
This represents gold’s most active contract since December 9 and the precious metal’s biggest one-day gain since January 3.
Silver for March delivery gained 3.6% and closed at $33.12 per ounce, whileplatinum was also up and finished the week at $1,579.60 an ounce.
Due to the consistently rising price of gold, platinum has become a popular option for jewelry consumers, even in markets like India that traditionally favor gold jewelry.