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HindustanTimes Thu,27 Nov 2014

Gold ends flat on lack of buying, silver recovers marginally

PTI  New Delhi, February 09, 2013
First Published: 14:58 IST(9/2/2013) | Last Updated: 15:01 IST(9/2/2013)

Gold prices ended flat at Rs. 31,050 per 10gm in the national capital on Saturday on lack of buying at prevailing higher levels, while silver recovered by Rs. 50 to Rs. 58,650 per kg on some offtake by industrial units.

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Traders said lack of buying support from retailers at prevailing higher levels mainly kept gold prices steady while some offtake by industrial units helped silver to recover.

On the domestic front, gold of 99.9 and 99.5% purity held steady at Rs. 31,050 and Rs. 30,850 per 10 gm, respectively. It had gained Rs. 200 in last two sessions.

Sovereign also enquired around previous level of Rs. 25,350 per piece of eight gram.

On the other hand, silver ready recovered by Rs. 50 to Rs. 58,650 per kg, but weekly-based delivery lost Rs. 120 at Rs. 58,160 per kg on lack of speculators support. Silver fell by Rs. 200 on Friday.

Meanwhile, silver coins continued to be asked at last level of Rs. 83,000 for buying and Rs. 84,000 for selling of 100 pieces.


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