Gold ends flat; silver remains weak on reduced offtake
Quotes

Gold ends flat; silver remains weak on reduced offtake

Last Updated: Thursday, December 20, 2012, 15:22
 
 Comment 0
 
Gold ends flat; silver remains weak on reduced offtake
New Delhi: Gold prices ended flat at Rs 31,200 per 10 grams in Delhi Thursday on lack of buying support at prevailing higher levels.

However, silver fell further by Rs 700 to Rs 59,300 per kg on reduced offtake by industrial units and coin makers.

Traders said lack of buying support from retailers at prevailing higher levels amid off season for marriages mainly kept gold prices steady.

Reduced offtake by industrial units and coin makers kept pressure on silver prices, they said.

On the domestic front, gold of 99.9 and 99.5 percent purity held steady at Rs 31,200 and Rs 31,000 per 10 grams respectively.

On the other hand, silver ready fell further by Rs 700 to Rs 59,300 per kg and weekly-based delivery by Rs 880 to Rs 59,800 per kg.

Silver coin followed suit and dropped by Rs 1000 to Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces.

PTI



First Published: Thursday, December 20, 2012, 15:19


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved