Gold back to 29K on firm buying, silver declines

Image
Press Trust of India Mumbai
Last Updated : Feb 02 2013 | 12:41 PM IST

In contrast, silver witnessed profit-taking on speculative selling following reduced industrial demand.

Standard gold (99.5 purity) climbed by Rs 120 to close at Rs 29,110 per 10 gm from last Saturday's closing level of Rs 28,990.

Pure gold (99.9 purity) also rose by a similar margin of Rs 120 to finish at Rs 29,250 per 10 gm from Rs 29,130.

However, silver ready (.999 fineness) slipped by Rs 210 per kg to end at Rs 54,540 from Rs 54,750 last weekend.

In Europe, gold was trading flat following decline in euro amidst concerns over Greece's political uncertainty.

Spot gold was bid down at USD 1,591.50 an ounce in early trade and silver was bid lower at USD 28.42 an ounce.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 22 2012 | 4:15 AM IST

Next Story