Sunday, November 27, 2011

Gold up, Silver soften

Gold prices made a modest recovery in the domestic bullion market in Mumbai on Saturday on stray local demand at lower levels, despite bearish global cues.
In contrast, silver prices fell in lacklustre trade owing to poor industrial support.

Standard gold of 99.5 per cent purity gained Rs 55 to close at Rs 28,470 per 10 grams, as against Friday's close of Rs 28,415.

In a similar fashion, pure gold of 99.9 per cent purity moved up by Rs 60 to finish at Rs 28,610 per 10 grams, as against Rs 28,550 on Friday.

Silver ready (.999 fineness) eased by Rs 20 to end at Rs 55,270 per kg, as against Rs 55,290 previously.
New York, gold ended lower due to the strong dollar amid weakening equities.
Gold for December delivery retreated by USD 10.20 to USD 1,685.70 an ounce in the Comex division of the NYMEX late Friday.In a similar fashion, December contract silver lost 87 cents to USD 31.01.Media agencies

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