Silver prices recovered moderately at the bullion market on Saturday due to fresh buying by stockists as well as industrial offtake despite bearish trend at the International markets.
Gold moved up owing to good local buying interest. Silver ready (.999 fineness) firmed up by Rs 170 per kg to close at Rs 43,435 from Friday’s closing of Rs 43,265.
Standard gold (99.5 per cent purity) edged up by Rs 20 per 10 grams to settle at Rs 20,060 from Rs 20,040 previously. Pure gold (99.9 per cent purity) also looked up by a similar margin to Rs 20,160 per 10 grams as compared to Rs 20,140 on Friday.
In New York, gold for February delivery fell by USD 5.50 to USD 1,341 an ounce on the COMEX division of the NYMEX. March silver also down to USD 27.43 an ounce as against USD 27.47 previously.
