Gold stays flat at Rs 30,280 per 10 grams

Gold prices held steady at Rs 30,280 per 10 grams today, supported by a firm trend overseas, along with fresh buying by local jewellers.
However, silver plunged Rs 100 to Rs 39,900 per kg, hurt by lower offtake by industrial units and coin makers.
Traders said a firm trend prevailed overseas after the US Federal Reserve left interest rates unchanged and investors waited for an announcement on the next chair of the central bank.
Globally, gold firmed up 0.17 per cent to USD 1,276.50 an ounce in Singapore.
Buying by local jewellers to meet wedding season demand at the domestic market supported the upmove.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs 5 each to Rs 30,280 and Rs 30,130 per 10 grams, respectively. The precious metals had lost Rs 105 yesterday.

Sovereign, however, remained steady at Rs 24,700 per piece of eight grams in limited deals.
On the other hand, silver ready declined by Rs 100 to Rs 39,900 per kg while weekly-based delivery traded higher by Rs 535 to Rs 39,705 per kg on speculative buying.
Silver coins maintained a steady trend at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.