Gold sheds Rs. 270, silver up by Rs. 120
(Sourced from PTI)
Gold prices declined by Rs. 270 to Rs. 34,180 per 10 gram today at the bullion market in Delhi, according to All India Sarafa Association. Silver, however, gained Rs. 120 to Rs. 41,500 per kg on increased offtake by industrial units and coin makers. Traders said, a weak trend overseas resulted in reduced buying by local jewelers which put pressure on the prices.
Globally, gold traded lower at $1,303.94 an ounce, while silver was down at $15.63 an ounce in New York. In the national capital, gold of 99.9% and 99.5% purities fell by Rs 270 each to Rs. 34,180 and Rs. 34,030 per 10 gram, respectively. However, sovereign gold held steady at Rs. 26,100 per piece of eight gram.
Silver ready rose by Rs. 120 to Rs. 41,500 per kg, while weekly-based delivery gained Rs. 77 to Rs. 40,400 per kg. On other hand, silver coins held flat at Rs. 80,000 for buying and Rs. 81,000 for selling of 100 pieces.
