Gold Steady at
30,200; Silver Gains
200
New Delhi: Gold prices remained unchanged at Rs 30,200 per 10 grams on reduced offtake in the bullion market here today, while silver rose by
200 to
53,500 per kg on fresh buying.
Traders said fresh buying by stockists and jewellers for the coming festival and a firm global trend led to a rise in silver prices, while sluggish demand at prevailing higher levels kept gold prices flat.
In London, silver rose by 0.5 percent to U.S. $28.02 an ounce. On the domestic front, silver ready rose by
200 to
53,500 per kg and weekly-based delivery by
100 to
53,370 per kg.
Silver coins held steady at
62,000 for buying and
63,000 for selling of 100 pieces. Gold of 99.9 and 99.5 percent purity ruled steady at
30,200 and
30,000 per 10 grams, respectively. Sovereigns traded at the last level of
24,450 per piece of eight grams.
In the end of July, a divergent trend was seen on the bullion market as gold prices extended gains for the second straight day by adding
100 to
29,800 per 10 gm on festival demand while silver lacked necessary buying support and declined.

