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Silver strengthens on firm global cues, gold also edges up

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Press Trust of India Mumbai

Silver prices rose further at the bullion market here today on sustained buying by stockists and speculators amidst higher global advices.

Gold also moved up on local buying interest as well as jewellery demand.

Silver ready (.999 fineness) shot up by Rs 285 per kg to close at Rs 44,975 from yesterday's closing level of Rs 44,690.

Standard gold (99.5 per cent purity) improved by Rs 15 per 10 grams to finish at Rs 20,080 from Rs 20,065.

Pure gold (99.9 per cent purity) also looked up by a similar to end at Rs 20,180 from Rs 20,165 previously.

In New York, March silver gained by 33.1 cents to $29.06 an ounce.

However, gold futures for April delivery settled lower by $4 to $1,349.00 an ounce on the Comex division of the NYMEX yesterday.

 

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First Published: Feb 05 2011 | 5:10 PM IST

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