1. Silver rises on steady industrial demand; gold steady

Silver rises on steady industrial demand; gold steady

Silver prices firmed up further in an otherwise lacklustre domestic bullion market here due to sustained off-take by jewellery makers as well as industrial units.

By: | Mumbai | Published: September 4, 2015 6:54 PM
Gold, Gold prices, Gold rate, Gold Trade, Gold rate today, Silver, Silver Price, Silver rate, Silver rate today, Bullion market, Commodity News

Silver prices firmed up further in an otherwise lacklustre domestic bullion market here due to sustained off-take by jewellery makers as well as industrial units. (PTI)

Silver prices firmed up further in an otherwise lacklustre domestic bullion market here due to sustained off-take by jewellery makers as well as industrial units.

However, gold ended steady in the absence of buying support at existing levels.

Traders and stockists opted to stay on the sidelines in the wake of unprecedented volatility in the equity and currency markets worldwide.

Silver (.999 fineness) rose by Rs 145 per kg to end at Rs 35,655 from Thursday’s closing level of Rs 35,510.

Standard gold (99.5 purity) and pure gold (99.9 purity) both closed at their overnight level of Rs 26,325 and Rs 26,475 per 10 grams, respectively.

On the global front, the shiny-metal traded relatively flat due to lack of demand from Chinese investors as well as uncertainties over US Fed rate hike even as investors stayed on sidelines ahead of Friday’s key non-farm payrolls data.

Spot gold was marginally weak at 1,123 an ounce in early European trade, while silver quoted little changed at USD 14.65 an ounce.

Tags: GoldSilver
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