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Gold ends steady; silver up on stockists buying, global cues

Source : PTI
Last Updated: Fri, Apr 26, 2013 10:13 hrs
​Gold not a good investment for now

New Delhi: Gold prices ended steady at Rs 28,000 per ten grams in the national capital on Friday on restricted buying at prevailing higher levels.

Silver spurted by Rs 1,900 to Rs 47,400 per kg on brisk buying by stockists sparked by a firm global trend.

Traders said restricted buying activity at prevailing higher levels mainly kept gold steady.

Brisk buying in silver for the marriage season amid a firm trend in New York, where the metal climbed 5.35 per cent to USD 24.40 an ounce mainly influenced the sentiment, traders said.

On the domestic front, gold of 99.9 and 99.5 per cent purity held steady at Rs 28,000 and Rs 27,800 per ten grams, while sovereign enquired at last level of Rs 24,350 per piece of eight gram.

On the other hand, silver ready spurted by Rs 1,900 to Rs 47,400 per kg and weekly-based delivery by Rs 1,790 to Rs 45,100 per kg.

Silver coins also flared up by Rs 1,000 to Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.



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