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| Gold holds steady in restricted trade, silver rises by Rs 50 |
| Press Trust of India / New Delhi Aug 18, 2010, 17:16 IST |
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 Gold prices held steady at Rs 18,900 per 10 grams in the national capital today on restricted buying activity, but silver prices rose by another Rs 50 to Rs 29,800 per kg on festive season demand.
Marketmen said subdued demand for gold at existing higher levels in domestic markets and lacklustre trade overseas, which normally sets the price trend at home, kept prices in check.
However, steady demand from stockists and jewellery fabricators pushed up prices of silver. Gold of 99.9 per cent and 99.5 per cent purity were being traded at the previous level of Rs 18,900 and Rs 18,800 per ten grams, respectively.
Sovereign prices also remained unchanged at Rs 14,800 per piece of eight grams. On the other hand, silver ready rose by Rs 50 to Rs 29,800 per kg and weekly-based delivery by Rs 105 to Rs 29,540 per kg.
However, prices of silver coins fell by Rs 200 to Rs 34,500 for buying and Rs 34,600 for selling of 100 pieces on account of a fall in demand at existing higher levels.
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