Gold prices moved up at the domestic bullion market on Saturday on stray local buying interest coupled with modest jewellery demand.

Silver, however, eased owing to lack of speculative as well as industrial off—take.

Standard gold (99.5 purity) increased by Rs 30 to finish at Rs 30,070 per 10 grams from overnight closing level of Rs 30,040.

Pure gold (99.9 purity) up by Rs 35 to close at Rs 30,210 per 10 grams from Rs 30,175.

Silver ready (.999 fineness) edged down by Rs 35 per kg to end at Rs 54,630 from Rs 54,665 yesterday.

On the international front, gold settled marginally higher on optimism that global policymakers would implement economic stimulus measures.

Gold for December delivery gained 20 cents to conclude at $1,619.40 an ounce on the Comex division of the NYMEX late yesterday, while silver September contract lost 21 cents to $28.00 an ounce.

(This article was published on August 18, 2012)
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