Gold gains in listless trade, global cues

Last Updated: Mon, Jul 01, 2013 13:25 hrs

Gold prices gained further at the listless domestic bullion market today on modest offtake from investors and traders on the back of higher global cues.

On the other hand, silver eased following reduced speculative demand.

Standard gold of 99.5 per cent purity moved up by Rs 25 to close at Rs 25,800 per 10 gm from last Saturday's closing level of Rs 25,775.

Pure gold of 99.9 per cent purity also added Rs 20 to end at Rs 25,930 per 10 gm from Rs 25,910.

However, silver ready (.999 fineness) declined by Rs 85 to conclude at Rs 41,125 per kg as against Rs 41,210 last weekend.

In overseas market, gold rose on continued investors buying after posting its biggest quarterly fall amid steady dollar as well as ahead of US economic data which could give more hint on easy monetary policy.

In London, spot gold was bid up at USD 1,243.21 an ounce in early trade and silver bid higher at USD 19.74 an ounce.

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