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This is an archive article published on February 7, 2012

Gold ends almost flat in lacklustre trade,silver declines

Gold prices moved up marginally at the bullion market here today in a lacklustre trade amid mild local buying interest at the existing levels.

Gold prices moved up marginally at the bullion market here today in a lacklustre trade amid mild local buying interest at the existing levels.

Silver,on the other hand,declined on moderate speculative selling on the back of reduced industrial offtake.

Standard gold of 99.5 per cent purity added Rs 5 to end at Rs 27,650 per 10 grams from Monday8217;s closing level of Rs 27,645.

Pure gold of 99.9 per cent purity also gained by a similar margin to close at Rs 27,775 per 10 grams as compared to Rs 27,770 yesterday.

However,silver ready .999 fineness slipped by Rs 130 per kg to finish at Rs 55,530 per kg from overnight close of Rs 55,660.

In New York,gold declined on strong dollar amidst concerns over Greek debt crisis.

Gold for April delivery slid by USD 15.40 to USD 1,724.90 an ounce on the Comex division of the NYMEX late yesterday.

March silver ended unchanged at USD 33.75 an ounce.

 

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