Gold moves up marginally in thin trade, silver slips

Gold prices moved up marginally at the bullion market here today on mild local buying activity. Silver, on the other hand, eased owing to poor industrial off-take.

Gold prices moved up marginally at the bullion market here on Saturday on mild local buying activity. Silver, on the other hand, eased owing to poor industrial off-take.

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"Trading was mostly subdued in the absence of any cues from the international markets due to Christmas Holiday," traders said.

Standard gold (99.5 per cent purity) edged up by Rs 10 per 10 grams to end at Rs 20,370 from overnight closing level of Rs 20,360.

Pure gold (99.9 per cent purity) also looked up by a similar margin to close at Rs 20,470 per 10 grams as against Rs 20,460 previously.

However, silver ready (.999 fineness) softened by Rs 15 per kilo to finish at Rs 45,375 from Rs 45,390 yesterday.