Gold prices remain flat at Rs 19,140 in thin trade

July 01, 2010 04:18 pm | Updated 04:18 pm IST - New Delhi

Gold prices remained unchanged at Rs 19,140 per ten grams in the national capital on Thursday on restricted buying activity at existing higher levels.

However, silver prices declined by Rs 50 to Rs 29,850 per kg on reduced offtake by industrial units.

Marketmen said restricted buying activity at existing rates and a steady trend in overseas market mainly kept gold prices stable at Wednesday’s level.

Gold in overseas markets, which normally sets the price trend on the domestic front, also remained flat at $ 1,242.10 an ounce.

Gold of 99.99 per cent purity and 99.5 per cent purity hovered at their previous levels of Rs 19,140 and Rs 19,040 per ten grams respectively, while sovereigns held steady at Rs 14,700 per piece of eight grams.

On the other hand, silver ready declined by Rs 50 to Rs 29,850 per kg and weekly-based delivery by Rs 55 to Rs 29,510 per kg.

Silver coins continued to be traded at around the previous level of Rs 34,600 for buying and Rs 34,700 for selling of 100 pieces.

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