Gold softens on reduced buying, silver eases

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 6:29 AM IST

The industrial metal too turned weak on the back of subdued speculative as well as industrial demand.

Standard gold (99.5 purity) fell by Rs 30 per 10 grams to settle at Rs 32,325 from overnight closing level of Rs 32,355.

Pure gold (99.9 purity) slipped by Rs 35 per 10 grams to end at Rs 32,465 from Rs 32,500.

Silver ready (.999 fineness) lost by Rs 80 per kg to close at Rs 64,050 as compared to Rs 64,130 previously.

In overseas trade, gold continued to slide.

Spot gold was bid lower at USD 1,739.40 an ounce in early trade and silver was bid down at USD 33.895 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: Nov 28 2012 | 6:45 PM IST

Next Story