Gold price stays stable at Rs 30K; Silver tops Rs 44,000-mark

New Delhi: Silver recaptured the Rs 44,000-mark with prices rising by Rs 200 on increased offtake by domestic industries while gold held steady at the bullion market Thursday.

Gold remained flat at Rs 30,000 per 10 grams in scattered deals even as it weakened overseas while silver rose to Rs 44,050 per kg.

Traders attributed the rise in silver prices to pick up in demand from industrial units at the domestic spot market.

Globally, gold fell 0.24 percent to USD 1,246 an ounce and silver 0.05 percent to USD 18.38 in Singapore.

In the national capital, silver ready shot up by Rs 200 to Rs 44,050 per kg while weekly-based delivery rose by Rs 170 to Rs 43,320 per kg.

Silver coins, however, continued to be at the previous level of Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.

On the other hand, gold of 99.9 percent and 99.5 percent purity held steady at Rs 30,000 and Rs 29,850 per 10 grams, respectively. It had lost Rs 150 yesterday.

Sovereign, however, remained unchanged at Rs 24,500 per piece of eight grams.