Gold & Silver

Gold eases on lack of buying; silver marginally up

PTI Mumbai | Updated on May 27, 2013 Published on May 27, 2013

Gold prices went down marginally in quiet trade at the domestic bullion market on Monday due to subdued off—take by stockists as well as lack of local buying interest.

In contrast, silver edged higher on stray industrial demand.

Standard gold of 99.5 per cent purity was down by Rs 45 and closed at Rs 26,480 per 10 gm against Saturday’s closing level of Rs 26,525.

Pure gold of 99.9 per cent purity also eased by Rs 25 to end at Rs 26,630 per 10 gm from Rs 26,655.

Silver ready (.999 fineness) however, gained by Rs 30 to finish at Rs 44,730 per kg from Rs 44,700 last weekend.

In the overseas market, the yellow—metal was trading higher amid bargain hunting.

Spot gold was up at $1,392.71 an ounce in early European trade while spot silver was higher at $22.63 an ounce.

Published on May 27, 2013
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