Gold gains on sustained demand; silver slips

Press Trust of India  |  Mumbai 

prices gained further at the market here today following sustained demand from stockists and retailers amid firm global cues.

However, silver prices slipped modestly, due to subdued demand from industrial units.

Standard (99.5 per cent purity) climbed by Rs 50 to close at Rs 30,755 per 10 gram from Monday's closing level of Rs 30,705.

Pure (99.9 per cent purity) also moved up by a similar margin to end at Rs 30,905 per 10 gram as against Rs 30,855, previously.

While, silver (.999 fineness) eased by Rs 60 per kg to conclude at Rs 37,135 as compared to Rs 37,195 yesterday.

Globally, Gold steadied as the dollar held firm ahead of a meeting, with the upside capped by strong US economic data that continues to underpin the greenback.

Spot gold edged up 0.1 per cent to USD 1,200.08 an ounce at early trade.

Silver was up 0.4 per cent at USD 14.28 an ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, September 25 2018. 18:10 IST