New Delhi: Silver prices went down by Rs 200 to Rs 39,400 per kg at the bullion
market today owing to slackened demand from consuming industries at the
domestic spot market.
On the other hand, gold held steady at Rs 31,450 per 10
grams in scattered deals, even as it strengthened overseas.
Traders attributed the slide in silver prices to a reduced offtake by industrial units and coin makers at the local spot market.
Globally, gold rose 0.05 per cent to USD 1,320.50 an ounce in Singapore.
In
the national capital, silver ready declined by Rs 200 to Rs 39,400 per
kg, while weekly-based delivery advanced by Rs 245 to Rs 38,760 per kg
on speculative buying.
Silver coins, however, continued to be traded at the
previous levels of Rs 74,000 for buying and Rs 75,000 for
selling of 100 pieces.
On the other hand, gold of 99.9 per cent and 99.5 per
cent purity, ruled flat at Rs 31,450 and Rs 31,300 per 10
grams, respectively. It had shed Rs 50 yesterday.
Sovereign, however, remained steady at Rs 24,800 per piece of eight grams.
PTI
