Gold, silver advance on modest offtake

Image
Press Trust of India Mumbai
Last Updated : Jul 09 2014 | 6:40 PM IST
Gold prices gained marginally in an otherwise lacklustre bullion market here today on stray demand from investors.
In contrast, pure gold closed at its overnight level in the absence of necessary buying interest.
Silver moved up owing to better industrial demand.
Standard gold (99.5 purity) added by Rs 5 to settle at Rs 27,855 per 10 grams from Tuesday's closing level of Rs 27,850, while pure gold (99.9 purity) held steady at Rs 28,000 per 10 grams.
Silver (.999 fineness) up by Rs 10 per kilo to finish at Rs 45,430 per kg against Rs 45,420 yesterday.
Globally, the yellow-metal slipped to two-week low on sustained selling from funds amid caution ahead of Fed's June meeting minutes outcome later in the day.
Gold for August delivery ended lower at USD 1,316.50 an ounce on the Comex division of the NYMEX late yesterday and silver September contract at USD 21.01 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: Jul 09 2014 | 6:40 PM IST

Next Story