Gold,silver prices hold steady in thin trade

Both the precious metals,gold and silver,today held steady on restricted buying activity at prevailing higher levels.

Written by Agencies | New Delhi | Published: July 30, 2012 3:02:21 pm

Both the precious metals,gold and silver,today held steady on restricted buying activity at prevailing higher price levels.

While gold closed flat at Rs 30,300 per 10 grams,silver traded at last close of Rs 53,000 per kg on reduced offtake by jewellers and industrial units at prevailing higher levels.

Traders said restricted buying activity at prevailing costly levels mainly kept the precious metals steady.

In the national capital,gold of 99.9 and 99.5 per centpurity remained steady at Rs 30,300 and Rs 30,100 per 10 grams,respectively. Sovereigns followed suit and ended unchanged at Rs 24,450 per piece of eight grams.

Similarly,silver-ready ruled steady at Rs 53,000 per kg,while weekly-based delivery declined by Rs 15 to Rs 53,235 per kg on lack of buying support.

Silver coins continued to be asked around previous level of Rs 62,000 for buying and Rs 63,000 for selling of 100 pieces.

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