Gold down by Rs. 40, silver rises by Rs. 300

February 17, 2012 03:24 pm | Updated 03:24 pm IST - New Delhi

Gold on Friday fell by Rs. 40 to Rs. 28,300 per 10 grams on sluggish demand at prevailing higher levels. However, silver recovered by Rs. 300 to Rs. 56,200 per kg on increased industrial offtake.

On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs. 40 each to Rs. 28,300 and Rs. 28,160 per 10 grams respectively, while sovereigns remained stable at Rs. 23,400 per piece of eight grams in limited deals.

However, silver ready found fresh buying support from industrial units and coin makers and recovered by Rs. 300 to Rs. 56,200 per kg and weekly based delivery by Rs. 60 to Rs. 56,360 per kg.

Silver coins also moved up by Rs. 1,000 to Rs. 68,000 for buying and Rs. 69,000 for selling of 100 pieces.

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