BackGold ends flat in thin trade; silver recovers
Gold of 99.9 and 99.5% purity ruled steady at Rs30,100 and Rs29,950 per ten grams respectively
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New Delhi: Gold prices remained steady at Rs30,100 per ten grams in Delhi bullion market on Thursday in the absence of any worthwhile activity at prevailing levels, even as the precious metal strengthened overseas.
Traders said slowdown by retailers and jewellers at existing levels mainly kept gold prices unaltered.
In the national capital, gold of 99.9 and 99.5% purity ruled steady at Rs30,100 and Rs29,950 per ten grams respectively. Sovereign followed suit and traded at previous level of Rs23,300 per piece of eight grams.
Globally, gold snapped a three-day losing run and traded 0.3% higher at $1,283.44 an ounce in Singapore.
Silver too was up by 0.4% at $17.41 an ounce. On the other hand, silver ready edged up by Rs50 to Rs41,100 per kg and weekly-based delivery by Rs150 to Rs40,880 per kg. Meanwhile, silver coins continued to be traded at last level of Rs69,000 for buying and Rs70,000 for selling of 100 pieces in limited deals.
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