Gold ends flat, silver remains weak on subdued demand

Apr 28 2014, 21:48 IST
Comments 0
Standard gold (99.5 purity) and pure gold (99.9 purity) both closed at their weekend level of Rs 30,155 and Rs 30,305 per 10 grams, respectively Standard gold (99.5 purity) and pure gold (99.9 purity) both closed at their weekend level of Rs 30,155 and Rs 30,305 per 10 grams, respectively
SummaryGold prices ended steady on the domestic bullion market today due to muted demand from jewellery stockists

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

However, silver remained under selling pressure from speculators as well as reduced offtake from industrial users.

Silver (.999 fineness) dropped by Rs 180 to conclude at Rs 43,625 per kg from last Saturday's closing level of Rs 43,805.

Standard gold (99.5 purity) and pure gold (99.9 purity) both closed at their weekend level of Rs 30,155 and Rs 30,305 per 10 grams, respectively.

Globally, the shiny metal climbed to two-week high driven by safe haven demand on the back of heightened tensions over the crisis in Ukraine amid sluggish equity markets.

Spot gold was bid higher at USD 1,303.10 an ounce in early European trade, spot silver was little changed at USD 19.63 an ounce.

TAGS:
Ads by Google

More from Commodities

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...