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Tuesday, February 8, 2011

Silver steady | Gold declines

Today Mumbai, Feb 7 (UNI) Silver was steady  at Rs 44,975 per kg on scattered demand even as Gold eased by Rs 80 per ten gm to Rs 20,000 on lower buying support from local dealers, traders at the Bombay Bullion Association (BBA) said.
Silver opened lower by Rs 15 per kg. Later, it finished steady at Rs 44,975 per kg on scattered demand from local dealers.Gold eased by Rs 50 per ten gm in the opening session. At the end of the day, it further eased to close in red at Rs 20,000 for standard gold and Rs 20,100 for pure gold.Standard and pure gold plummeted by Rs 80 per ten gm each owing to heavy selling pressure from ornament makers. In international markets like London, Silver rose to USD 29.17 an ounce and Gold slightly weakened to USD 1,347 an ounce.
Following were the closing rates of spot Silver and Gold Silver (per kg).999 grade Rs 44,975 (44,975) Gold 99.5 standard mint Rs 20,000 (20,080) Gold 99.9 pure gold Rs 20,100 (20,180)
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