Gold marginally up, silver marginally down

Business

oi-Monika

By Monika Nihalani

Published: Saturday, December 24, 2011, 13:42 [IST]

India gold and silver followed a same unchanged trend today, with gold added a mere Rs 10 per 10 grams and silver shed Rs 40 per kg as most of the global markets are shut for Christmas holiday.

At 13:20 pm IST, gold for February delivery on the Multi Commodity Exchange (MCX) was up by Rs 10 and was trading in the range of Rs 27,794 – Rs 27,795 per 10 grams. It opened at Rs 27,783 per 10 grams.

While, silver for March delivery on MCX was trading in the range of Rs 53,115 – Rs 53,118 per kg. It opened at Rs 53,155 per kg.

Spot bullion prices in India declined a bit, with 24 carat gold was at around Rs 27,870 per 10 grams and 22 carat at Rs 25,980 per 10 grams. The prices were lowest seen in Mumbai where the price for 24 carat gold was at around Rs 27,510 per 10 grams.

International spot gold stood at $1,606 a troy ounce.

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