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Gold ends steady at Rs 30,850 per 10 grams

Traders said apart from a firm trend overseas, increased offtake by industrial units and coin makers at the local spot market led to a recovery in silver prices.


Gold ends steady at Rs 30,850 per 10 grams

New Delhi: Gold prices on Tuesday ended steady at Rs 30,850 per 10 grams in scattered deals, while silver recovered by Rs 250 to Rs 43,850 per kg at the bullion market.

Traders said apart from a firm trend overseas, increased offtake by industrial units and coin makers at the local spot market led to a recovery in silver prices.

Globally, silver rose by 0.69 percent to USD 18.28 an ounce and gold by 0.25 percent to USD 1,284.40 an ounce in Singapore.

In the national capital, silver ready rebounded by Rs 250 to Rs 43,850 per kg and weekly-based delivery edged up by Rs 50 to Rs 43,050 per kg.

Silver coins, however, continued to be asked at the previous level of Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.

On the other hand, gold of 99.9 percent and 99.5 percent purity ruled flat at Rs 30,850 and Rs 30,700 per 10 grams, respectively. It had lost Rs 300 in yesterday's trade.

Sovereign, too, remained stable at Rs 24,500 per piece of eight grams.

 

From Zee News

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