Gold gains modestly on retail demand, silver eases

Gold gains modestly on retail demand, silver eases
PTI
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First Published: Tue, Jul 13 2010. 07 02 PM IST
Updated: Tue, Jul 13 2010. 07 02 PM IST
Mumbai: Gold prices gained modestly at the bullion market here on Tuesday on better retail demand as well as scattered local buying amid higher European advices.
Meanwhile, silver eased further on lower off-take from industrial users.
Standard gold (99.5 purity) moved up by Rs20 per ten grams to close at Rs18,410 from previous closing level of Rs18,390.
Pure gold (99.9 purity) also firmed up by Rs25 per 10 grams to finish at Rs18,500 as against Rs18,475 previously.
However, silver ready (.999 fineness) softened by Rs15 per kilo to settle at Rs29,385 from Rs29,400.
In Europe, spot gold was bid at $1,204.10 an ounce in early trade as against $1,194.85 late in New York on Monday.
US gold futures for August delivery got up by $5.70 an ounce to $1,204.40.
Silver was bid at $17.92 as against $17.86 an ounce.
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First Published: Tue, Jul 13 2010. 07 02 PM IST
More Topics: Gold | Bullion | Silver | Markets | India |