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Silver shines, creates new record high; gold declines

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Press Trust of India Mumbai

Silver continued its record making spree for the third consecutive day at the bullion market here today on persistent stockists buying and industrial support amid higher overseas markets.

On the other hand, gold declined further in the absence of local buying interest as well as jewellery demand.

Silver ready (.999 fineness) hardened further by Rs 90 per kilo to finish at Rs 33,445 from Friday's closing level of Rs 33,355.

However, standard gold (99.5 purity) moved down by Rs 45 per 10 grams to close at Rs 19,140 from yesterday's closing level of Rs 19,185.

Pure gold (99.9 purity) also fell by Rs 40 per 10 grams to end at Rs 19,235, as against Rs 19,275 previously.

 

In New York, gold for December delivery ended higher by $1.80 to $1,298.10 an ounce on the Comex Division of the New York Metal Exchange.

Silver for December delivery rose by 19 cents to $21.39 an ounce.

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First Published: Sep 25 2010 | 4:57 PM IST

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