Gold improves on good retail buying, silver falls

Gold improves on good retail buying, silver falls

Mumbai: Gold improved at the bullion market here on Tuesday, on sustained local demand as well as increased buying from jewellers supported by better cues from overseas.

Meanwhile, silver, which touched an all-time high in its overnight trade, declined owing to profit-taking from stockists and speculators amid reduced industrial support.

Standard gold (99.5 purity) advanced by Rs15 per ten grams to finish at Rs18,945 from its previous closing level of Rs18,930.

Pure gold (99.9 purity) also moved up to Rs19,030 per ten grams from Rs19,020 previous day.

However, silver ready (.999 fineness) dropped by Rs120 per kilo to conclude at Rs30,755 from Rs30,875 previously.

In New York, gold for December delivery added by $1.3 to $1,239.20 an ounce on the Comex division of the NYMEX.