Gold rose by Rs 65 to Rs 21,155 per 10 grams on Friday on a firming global trend. However, silver slipped from its record level by losing Rs 275 to Rs 56,325 per kg, due to reduced off-take at existing high levels.

Silver rose to an all-time high level of Rs 56,600 per kg on Thursday. Trading sentiments for the yellow metal remained bullish as it traded higher in global markets, as conflict in Libya and European debt concerns spurred demand for the metal as an alternative investment.

In global markets, while gold rose by 0.2 per cent to USD 1,435.39 an ounce, silver surged 0.24 per cent to USD 37.76 an ounce.

On the domestic front, gold of 99.9 and 99.5 remained in demand and advanced by Rs 65 each to Rs 21,155 and Rs 21,035 per 10 grams, respectively. Sovereigns, however, remained stable at Rs 17,500 per piece of eight grams in limited deals.

On the other hand, silver ready slipped by Rs 275 to Rs 56,325 per kg on reduced off-take at higher levels. It had climbed to an all-time high level of Rs 56,600 on Thursday.

Silver weekly-based delivery followed suit and lost Rs 205 to Rs 55,895 per kg. Silver coins remained steady at Rs 61,500 for buying and Rs 62,000 for selling of 100 pieces.

Keywords: Bullion market

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