Gold rises on stockists buying; silver remain weak

Gold price rises by Rs75 to Rs30,200 per ten grams on stockists buying
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First Published: Fri, Mar 29 2013. 04 39 PM IST
A file photo of gold jewellery at a jeweller shop in Defence Colony in New Delhi. Photo: Priyanka Parashar
A file photo of gold jewellery at a jeweller shop in Defence Colony in New Delhi. Photo: Priyanka Parashar
New Delhi: A divergent trend was seen in the bullion market on Friday as gold prices rose by Rs75 to Rs30,200 per ten grams on stockists buying while silver fell by Rs100 to Rs54,200 per kg on subdued demand.
Traders said the rise in gold prices was attributed to stockists buying to meet rising demand from jewellers while silver continued its slide due to reduced offtake by industrial units.
In the national capital, gold of 99.9 and 99.5% purity rose by Rs75 each to Rs30,200 and Rs30,000 per ten grams while sovereign held steady at Rs25,300 per piece of eight gram in restricted activity.
On the other hand, silver ready remained under selling pressure and fell by another Rs100 to Rs54,200 per kg and weekly-based delivery by Rs315 to Rs53,560 per kg, respectively.
However, silver coins remained steady at Rs82,000 for buying and Rs83,000 for selling of 100 pieces.
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First Published: Fri, Mar 29 2013. 04 39 PM IST
More Topics: Gold | bullion market | stockists buying |
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