Gold ends flat; silver eases on thin trade

May 06 2014, 21:25 IST
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Spot gold was bid higher at USD 1,311.10 an ounce in early European trade, while spot silver was bid up at USD 19.64 an ounce. Spot gold was bid higher at USD 1,311.10 an ounce in early European trade, while spot silver was bid up at USD 19.64 an ounce.
SummaryGold prices ended steady on the domestic bullion market today due to muted demand from stockists and traders at the prevailing levels despite firm overseas sentiment.

Gold prices ended steady on the domestic bullion market today due to muted demand from stockists and traders at the prevailing levels despite firm overseas sentiment.

However, silver moved down on lack of industrial demand.

Silver (.999 fineness) softened by Rs 5 to conclude at Rs 43,440 per kg from yesterday's closing level of Rs 43,445.

Standard gold (99.5 purity) and pure gold (99.9 purity) both closed at their yesterday's level of Rs 30,010 and Rs 30,160 per 10 grams, respectively.

In Europe, gold firmed for a third session in early trade, as tensions flared between government forces and pro- Russian separatists in Ukraine.

Spot gold was bid higher at USD 1,311.10 an ounce in early European trade, while spot silver was bid up at USD 19.64 an ounce.

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