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Gold gains modestly on retail demand, silver eases

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Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 3:38 AM IST

Gold prices gained modestly at the bullion market here today on better retail demand as well as scattered local buying amid higher European advices.

Meanwhile, silver eased further on lower off-take from industrial users.

Standard gold (99.5 purity) moved up by Rs 20 per 10 grams to close at Rs 18,410 from yesterday's closing level of Rs 18,390.

Pure gold (99.9 purity) also firmed up by Rs 25 per 10 grams to finish at Rs 18,500 as against Rs 18,475 previously.

However, silver ready (.999 fineness) softened by Rs 15 per kilo to settle at Rs 29,385 from Rs 29,400.

In Europe, spot gold was bid at $1,204.10 an ounce in early trade as against $1,194.85 late in New York on Monday.

US gold futures for August delivery got up by $5.70 an ounce to $1,204.40.

Silver was bid at $17.92 as against $17.86 an ounce.

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First Published: Jul 13 2010 | 8:12 PM IST

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