Gold gains on sustained demand; silver slips

Image
Press Trust of India Mumbai
Last Updated : Sep 25 2018 | 6:10 PM IST

Gold prices gained further at the bullion market here today following sustained demand from stockists and retailers amid firm global cues.

However, silver prices slipped modestly, due to subdued demand from industrial units.

Standard gold (99.5 per cent purity) climbed by Rs 50 to close at Rs 30,755 per 10 gram from Monday's closing level of Rs 30,705.

Pure gold (99.9 per cent purity) also moved up by a similar margin to end at Rs 30,905 per 10 gram as against Rs 30,855, previously.

While, silver (.999 fineness) eased by Rs 60 per kg to conclude at Rs 37,135 as compared to Rs 37,195 yesterday.

Globally, Gold steadied as the dollar held firm ahead of a US Federal Reserve meeting, with the precious metals upside capped by strong US economic data that continues to underpin the greenback.

Spot gold edged up 0.1 per cent to USD 1,200.08 an ounce at early trade.

Silver was up 0.4 per cent at USD 14.28 an ounce.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Sep 25 2018 | 6:10 PM IST

Next Story