Gold prices held steady on the bullion market today at Rs 15,260 per ten grams on lack of buying support following bank closure for public dealings on the first day of the fiscal year amid a similiar trend in the overseas markets.
However, silver gained Rs 100 at Rs 21,800 per kg on fresh buying by industrial units and silver coins manufacturers.
Buying activity in the bullion also restricted as some investors preffered shifting their funds in rising equity market for quick gains.
Marketmen said trading activity turned lacklustre due to bank holiday but there were customers enquiring for low prices.
They said general investors and speculators preffered to shift their funds in rising stock, reducing lure for the precious metal as a best bet.
Standard gold and ornaments held steady at Rs 15,260 and Rs 15,110 per ten grams, respectively. Sovereign also traded around previous level of Rs 12,200 per piece of eight gram.
On the other hand, silver ready recovered by Rs 100 to Rs 21,800 per kg on retailers buying. It had lost by Rs 470 per kg in the previous session.
However, silver weekly-based delivery fell further by Rs 310 to Rs 21,670 per kg. Its coins held unchanged at Rs 28,200 for buying and Rs 28,300 for selling of 100 pieces.
