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Friday, Sep 03, 2004

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Agri-Biz & Commodities - Gold & Silver


Silver tops Rs 11,000-mark; gold increases marginally

Our Bureau

Mumbai , Sept. 2

SILVER on Thursday touched Rs 11,000-mark in the morning session of the bullion market on firm overseas market and continued but limited local buying. Inflows were reduced.

On the other hand, gold reacted marginally over previous day on lack of sustained local buying, a trader said.Silver was up Rs 15 per kg over previous working day.

Gold was down Rs 5-10 per 10 gram over previous day's close. Silver .999-fineness ended higher at Rs 10,985. Standard mint ended lower at Rs 6,240, down Rs 5 over previous close. Pure gold .999-fineness closed lower at Rs 6,275.

CHENNAI: Bar silver Rs 10,895 a kg; retail silver Rs 11.65 a gm; standard gold Rs 6,265 for 10 gm; ornament 22-carat gold Rs 580 a gm.

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