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Gold slips on reduced buying, silver gains

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 12:52 AM IST

Gold prices slipped further at the bullion market here today on reduced buying from stockists and jewellers following bearish global sentiment.

Silver, however, made a marginal recovery on the back of fresh buying by stockists.

Standard gold (99.5 purity) moved down by Rs 10 per ten grams to close at Rs 18,075 from yesterday's closing level of Rs 18,085.

Pure gold (99.9 purity) dipped by Rs 20 per ten grams to end at Rs 18,160 as against Rs 18,180 previously.
    
However, silver ready (.999 fineness) firmed up by Rs 55 per kilo to finish at Rs 29,060 from Rs 29,005.
    
In New York, gold futures for June delivery dropped by $12.50 to finish at $1,176.10 an ounce on the Comex division of the NYMEX.
    
Silver for July delivery declined 6 cents to $17.65 an ounce.

 

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First Published: May 22 2010 | 3:55 PM IST

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