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Gold, silver advance on modest offtake

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Press Trust of India Mumbai
Last Updated : Jul 09 2014 | 6:40 PM IST
Gold prices gained marginally in an otherwise lacklustre bullion market here today on stray demand from investors.
In contrast, pure gold closed at its overnight level in the absence of necessary buying interest.
Silver moved up owing to better industrial demand.
Standard gold (99.5 purity) added by Rs 5 to settle at Rs 27,855 per 10 grams from Tuesday's closing level of Rs 27,850, while pure gold (99.9 purity) held steady at Rs 28,000 per 10 grams.
Silver (.999 fineness) up by Rs 10 per kilo to finish at Rs 45,430 per kg against Rs 45,420 yesterday.
Globally, the yellow-metal slipped to two-week low on sustained selling from funds amid caution ahead of Fed's June meeting minutes outcome later in the day.
Gold for August delivery ended lower at USD 1,316.50 an ounce on the Comex division of the NYMEX late yesterday and silver September contract at USD 21.01 an ounce.

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First Published: Jul 09 2014 | 6:40 PM IST

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