Gold prices held steady at Rs. 18,900 per 10 grams in the national capital today on restricted buying activity, but silver prices rose by another Rs. 50 to Rs 29,800 per kg on festive season demand.
Marketmen said subdued demand for gold at existing higher levels in domestic markets and lacklustre trade overseas, which normally sets the price trend at home, kept prices in check.
However, steady demand from stockists and jewellery fabricators pushed up prices of silver.
Gold of 99.9 per cent and 99.5 per cent purity were being traded at the previous level of Rs. 18,900 and Rs. 18,800 per ten grams, respectively. Sovereign prices also remained unchanged at Rs. 14,800 per piece of eight grams.
On the other hand, silver ready rose by Rs. 50 to Rs. 29,800 per kg and weekly-based delivery by Rs. 105 to Rs. 29,540 per kg.
However, prices of silver coins fell by Rs. 200 to Rs. 34,500 for buying and Rs. 34,600 for selling of 100 pieces on account of a fall in demand at existing higher levels.
