Markets

Gold ends steady, silver firms up on industrial off-take

Traders said scattered buying from jewellers and retailers kept gold prices flat.

Traders said scattered buying from jewellers and retailers kept gold prices flat.

Gold prices ended steady at Rs. 26,600 per 10 grams at the bullion market, on scattered buying from jewellers even as the metal weakened overseas.

Silver, however, advanced Rs. 100 to Rs. 35,800 per kg on increased offtake by industrial users and coin makers.

Traders said scattered buying from jewellers and retailers kept gold prices flat.

Globally, gold traded 0.1 per cent lower at USD 1,130.07 an ounce in Singapore after rising to 1,133.93 after the US Fed decided to keep interest rates unchanged.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity held steady at Rs. 26,600 and Rs. 26,450 per 10 grams, respectively. The precious metal had surged Rs. 275 in yesterday.

Sovereign also traded at the previous level of Rs. 22,200 per piece of eight grams.

On the other hand, silver ready gained another Rs. 100 to Rs. 35,800 per kg and weekly-based delivery by Rs. 180 to Rs. 35,980 per kg.

Silver coins remained unaltered at Rs. 50,000 for buying and Rs. 51,000 for sale of 100 pieces in limited deals.


Our code of editorial values

Related Topics
This article is closed for comments.
Please Email the Editor

Printable version | Aug 12, 2022 2:33:31 am | https://www.thehindu.com/business/markets/gold-ends-steady-silver-firms-up-on-industrial-offtake/article7665028.ece