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Gold prices remain flat, silver slips

Press Trust of India  |  Mumbai 

Gold prices ruled steady at the market here today on muted offtake by jewellers and investors even as the weakened overseas.

In contrast, silver slumped by Rs 135 to Rs 37,825 per kg, driven down by reduced demand from industrial units.

Standard gold (99.5 per cent purity) closed at overnight level of Rs 29,490 per 10 gram.

(99.9 per cent purity) also settled at its previous level of Rs 29,640 per 10 gram.

Silver (.999 fineness) slumped by Rs 135 to conclude at Rs 37,825 as compared to Rs 37,960 previously.

Spot gold was trading down 0.2 per cent at USD 1,210.15 an ounce at early trade, with the dollar 0.5 per cent stronger against a basket of major currencies.

Silver was down 0.3 per cent at USD 15.36 an ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 10 2018. 18:00 IST