Gold price steady in thin trade,silver advances

Gold prices held steady at the domestic bullion market here today amid muted demand from stockists and investors.

Even as silver rates advanced on hectic speculative buying following rising industrial demand,standard gold (99.5 purity) ended stable at Rs 29,430 per 10 gm and pure gold (99.9 purity) gained by a mere Rs 5 to finish at Rs 29,560 per 10 gm against yesterday’s closing level of Rs 29,555.

However,silver ready (.999 fineness) surged by Rs 255 per kg to close at Rs 53,495 from Tuesday’s close of Rs 53,240.

Story continues below this ad

In New York,gold rally was triggered on hope that central banks across the world would take more measures to spur economic growth.

Gold for August delivery gained by USD 24.10 to USD 1,621.80 an ounce on the Comex division of the NYMEX late yesterday,while silver for September contract rose 78 cents to USD 28.28 an ounce.

India vs Pakistan Asia Cup trophy Mohsin Naqvi

India refuse to take Asia Cup winners’ trophy from PCB chief Mohsin Naqvi

Sports2 hr ago

India refused to accept the Asia Cup trophy from Pakistan's Mohsin Naqvi, causing a delay in the presentation ceremony. Only three players collected their individual awards, while the team did not go up to the podium or pose with the trophy. The Pakistani players emerged an hour late, causing embarrassment.

View all shorts

Live Blog

PHOTOS