Mumbai: Gold edged lower in listless trade
at the bullion market here today due to lack of buying
interest from stockists and retailers.
However, silver maintained its rising trend and firmed up
by Rs 55 per kg on increased off take by industrial units. Standard gold (99.5 purity) eased by Rs 5 to close at Rs
29,235 per 10 grams from Monday's level of Rs 29,240.
Pure gold (99.9 purity) also moved down by a similar
margin to finish at Rs 29,385 per 10 grams as against Rs
29,390 earlier.
Silver (.999 fineness) rose by Rs 55 to end at Rs
38,925 from Rs 38,870 earlier.
Globally, Gold steadied amid a slightly weaker dollar,
but the precious metal remained largely in a holding pattern
as investors awaited central bank meetings, US payrolls data
and the announcement of the next Federal Reserve chair.
Spot gold was little changed at USD 1,275.69 per ounce
at early trade.
Among other precious metals, silver edged up 0.1 per
cent at USD 16.86 an ounce.
