Gold price trade lustreless,silver declines on profit-taking

Gold prices ended lustreless with marginal gains at the bullion market here today on stray buying activity from stockists and investors following uneasiness in global markets.

While,silver lost to speculative profit-selling on the back of reduced industrial off-take.

Standard gold (99.5 purity) moved up by Rs 20 to end at Rs 29,610 per 10 gm from Monday’s closing level of Rs 29,590.

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Pure gold (99.9 purity) went up by a similar margin to finish at Rs 29,740 per 10 gm as compared to Rs 29,720 yesterday.

However,silver ready (.999 fineness) fell by Rs 230 per kg to conclude at Rs 55,120 from Rs 55,350 previously.

In Europe,gold eased on concerns upon the success of bail-out package for Spain’s banks and uncertainty over the upcoming elections in Greece.

Spot gold was bid lower at USD 1,589.06 an ounce in early trade,while silver was bid down at USD 28.46 an ounce.

In Odisha, Modi mounts ‘loot tantra-vs-bachat utsav’ attack on Congress over GST

India11 hr ago

Prime Minister Narendra Modi Saturday hailed the revised Goods and Services Tax (GST) structures, saying the era of “double bachat (saving) and double kamai (income)” has arrived under the Bharatiya Janata Party rule. Addressing the ' Namo Yuva Samabesh' in Jharsuguda, Modi accused the Congress of indulging in “loot tantra (tactics)” while in power.

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