Silver climbs Rs. 33,000 a kilo, gold slips on lack of support

September 24, 2010 04:14 pm | Updated October 14, 2010 08:30 am IST - New Delhi

Artfully displayes gold jewellery. Gold prices slipped marginally today, while silver shot up. File photo

Artfully displayes gold jewellery. Gold prices slipped marginally today, while silver shot up. File photo

Maintaining its record-setting spree, the silver prices jumped to Rs. 33,000 per kg in the national capital today, on sustained buying by stockists amid a firming global trend.

However, gold prices slid marginally due to lack of necessary buying support at home, even as the precious metal rose to record-high levels in international markets.

Domestic sentiment in silver trade remained bullish, in tandem with the international trend where silver price shot up by 1 per cent to 21.32 dollars an ounce, its highest in two and a half years.

Silver price at home rose by Rs. 50 to Rs. 33,000 per kg, its highest level so far. Silver weekly-based delivery gained by Rs. 20 to Rs. 32,570 per kg.

Silver coins, too, climbed a new peak, rising by Rs. 100 to Rs. 35,300 for buying and Rs. 35,400 for selling of 100 pieces.

On the other hand, the gold of 99.9 and 99.5 per cent of purity declined by Rs. 5 each to Rs. 19,465 and Rs. 19,365 per ten grams respectively. They had gained Rs. 125 in the previous session.

However, sovereign remained steady at Rs. 15,300 per piece of eight grams in restricted buying.

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