Gold eases; silver advances

Print this page Posted on : 01-03-2012 by recycleinme.com

Gold prices eased on the domestic bullion market on Monday due to lack of local buying interest from retailers at current levels. Silver gained on firm buying support from stockists amidst good industrial off-take.

Standard gold of 99.5 per cent purity moved down by Rs. 15 and closed at Rs. 27,175 for 10 gm.Pure gold of 99.9 per cent purity also went down by Rs. 30 and finished at Rs. 27,300 for 10 gm. Silver ready (.999 fineness) rose by Rs. 130 a kg and concluded at Rs. 51,100 from Rs. 50,970 previously.

Chennai: Bar silver (a kg): Rs. 50,370; retail silver (a gm): Rs. 53.90; standard gold (for 10 gm): Rs. 27,380; retail ornament gold (22 carat a gm): Rs. 2,560.

Kolkata: Silver ready: Rs. 51,100; gold ready: Rs. 27,625

Source : Business Line