Gold steady at Rs 30,200; silver gains Rs 200

Gold steady at Rs 30,200; silver gains Rs 200

Updated: Tuesday, August 7, 2012, 15:25 [IST]

Gold
New Delhi, Aug 7: Gold prices remained unchanged at Rs 30,200 per 10 grams on reduced offtake in the bullion market here today, while silver rose by Rs 200 to Rs 53,500 per kg on fresh buying.

Traders said fresh buying by stockists and jewellers for the coming festival and a firm global trend led to a rise in silver prices, while sluggish demand at prevailing higher levels kept gold prices flat.

In London, silver rose by 0.5 per cent to USD 28.02 an ounce. On the domestic front, silver ready rose by Rs 200 to Rs 53,500 per kg and weekly-based delivery by Rs 100 to Rs 53,370 per kg.

Silver coins held steady at Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces. Gold of 99.9 and 99.5 per cent purity ruled steady at Rs 30,200 and Rs 30,000 per 10 grams, respectively. Sovereigns traded at the last level of Rs 24,450 per piece of eight grams.

PTI

Story first published: Tuesday, August 07, 2012, 15:00 [IST]
Topics: gold silver trade economy