Gold ends steady; silver falls on reduced offtake

Last Updated: Thu, Mar 28, 2013 10:10 hrs

In restricted activity, gold traded steady at Rs 30,125 per ten grams in the national capital on Thursday largely in tandem with global trend.

However, silver fell by Rs 100 to Rs 54,300 per kg on reduced offtake by industrial units.

Traders said lack of buying support from retailers due to off-marriage season demand and a steady trend in global market kept gold prices steady.

Globally, gold traded almost flat at USD 1605.99 an ounce in Singapore.

On the domestic front, gold of 99.9 and 99.5 per cent purity held steady at Rs 30,125 and Rs 30,925 per ten grams, respectively. Sovereign too closed unchanged at Rs 25,300 per piece of eight gram.

On the other hand, silver ready fell by Rs 100 to Rs 54,300 per kg and weekly-based delivery by Rs 300 to Rs 53,875 per kg, respectively.

Silver coins continued to be asked around previous level of Rs 82,000 for buying and Rs 83,000 for selling of 100 pieces.

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