Gold price edges up on moderate buying even as silver slips further
PTI: Mumbai, Mar 15 2013, 20:51 IST
Gold prices today recovered from overnight steep fall and rose marginally on stray local buying support as well as investment off-take at the domestic bullion market.
Silver, however, dropped further due to consistent selling by stockists following lower industrial demand.
Standard gold of 99.5 per cent purity edged higher by Rs 35 to end at Rs 29,340 per 10 gm from overnight closing level of Rs 29,305.
Pure gold of 99.9 per cent purity looked up by Rs 30 to finish at Rs 29,475 per 10 gm from Rs 29,445.
Silver ready (.999 fineness), however, shed Rs 100 to conclude at Rs 54,765 per kg from Rs 54,865 yesterday.
On the global front, gold traded modestly higher amid caution ahead of US Federal Reserve's next week policy meet.
Spot gold was bid up at USD 1,592.60 an ounce in early European trade and spot silver was higher at USD 28.93 an ounce.
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