Gold moves up slightly on mild buying, silver strengthens

  • PTI, Mumbai
  • |
  • Updated: Jan 23, 2013 21:15 IST

Gold prices edged up marginally at the bullion market in Mumbai today on mild buying from traders and retailers.

Silver rose on heavy speculative off-take on the back of firm industrial demand.

Standard gold of 99.5 per cent purity added Rs 10 per 10 gms to end at Rs 30,800 from Tuesday's level of Rs 30,790.

Pure gold of 99.9 per cent purity also edged up by a similar margin per 10 gms to conclude at Rs 30,935 from Rs 30,925.

Silver ready (.999 fineness) climbed up by Rs 180 to finish at Rs 59,665 per kg as against Rs 59,485 previously.

"Buying interest mellowed after a surge in prices of the yellow metal due to import duty hike," dealers said.

In the global markets, gold traded almost flat amidst progress in talks over US debt ceiling talks.

In Europe, spot gold bid remained nearly flat at USD 1,691.46 an ounce in early trade, while spot silver was also unchanged at US 32.18 an ounce.


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