Gold regained its crucial Rs. 21,000 per ten grams level in the bullion market today, on emergence of buying by retail customers for the current marriage season, while silver fell from the record level.
Gold gained by Rs. 20 to trade at Rs. 21,000 per ten grams, a level last seen on December 6 while silver tumbled by Rs. 90 to Rs. 46,840 per kg after climbing to a record level of Rs. 46,930 yesterday.
Trading sentiment in silver dampened, as stockists booked profits at existing higher levels in overseas and futures markets.
On the domestic front, silver ready met with resistance for the first time in three days and lost Rs. 90 to Rs. 46,840 per kg and weekly-based delivery by Rs. 80 to Rs. 46,370 per kg.
However, silver coins surged by Rs. 500 to an all-time high of Rs. 51,000 for buying and Rs. 51,100 for selling of 100 pieces, spurred by hectic demand for the marriage season.
The coins are normally used for gifting purpose in marriage celebrations.
On the other hand, the gold of 99.9 and 99.5 per cent purity became more expensive by Rs. 20 each at Rs. 21,000 and Rs. 20,880 per ten grams, respectively.
Sovereign followed suit and rose by Rs. 50 to the record level of Rs. 16,950 per piece of eight grams.
