Gold rises on stockists buying; silver remain weak

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Gold rises on stockists buying; silver remain weak
    A divergent trend was seen in the bullion market today as gold prices rose by Rs 75 to Rs 30,200 per ten ten grams on stockists buying whilesilver fell by Rs 100 to Rs 54,200 per kg on subdued demand. 

    Traders said the rise in gold prices was attributed to stockists buying to meet rising demand from jewellers while silver continued its slide due to reduced offtake by industrial units. 

    In the national capital, gold of 99.9 and 99.5 per cent purity rose by Rs 75 each to Rs 30,200 and Rs 30,000 per ten grams while sovereign held steady at Rs 25,300 per piece of eight gram in restricted activity. 

    On the other hand, silver ready remained under selling pressure and fell by another Rs 100 to Rs 54,200 per kg and weekly-based delivery by Rs 315 to Rs 53,560 per kg, respectively. 

    However, silver coins remained steady at Rs 82,000 for buying and Rs 83,000 for selling of 100 pieces.

    PTI

    Read more about: gold
    Story first published: Friday, March 29, 2013, 15:42 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more