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Silver marches to hit new high, gold eases

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Press Trust of India Mumbai

Silver prices continued to race ahead to yet another new record peak at the bullion mark here today on speculative driven demand influenced by highly inflated international market.

Meanwhile, gold eased due to lack of local buying interest at existing levels despite prices ruling at record levels in overseas.

Silver ready (.999 fineness) gained by Rs 30 per kilo to close at Rs 33,935 from yesterday's closing level of Rs 33,905.

However, Standard gold (99.5 purity) slipped by Rs 15 per ten grams to finish at Rs 19,150 from Wednesday's closing level of Rs 19,165.

Pure gold (99.9 purity) also moved down by a similar margin of Rs 15 per 10 grams to end at Rs 19,240, as against Rs 19,255 previously.

 

In Europe, spot gold was bid at $1,314.50 an ounce in early trade as against $1,308.80 late on Wednesday. Silver was bid at $21.98 an ounce as against $21.87.

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First Published: Sep 30 2010 | 6:09 PM IST

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