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This is an archive article published on October 16, 2010

Silver,gold prices decline

The record-breaking bull run in silver took a pause.

The record-breaking bull run in silver took a pause,as the white metal declined at the bullion market in Mumbai due to profit selling by stockists and investors in tandem with weak trend in overseas market.

Gold also eased slightly due to lack of buying interest at higher levels.

Silver ready .999 fineness dropped by Rs 75 per kilo to close at Rs 37,360 from Friday8217;s closing level of Rs 37,435.

Standard gold 99.5 purity moved down by Rs 10 per ten grams to finish at Rs 19,810 from overnight closing level of Rs 19,820.

Pure gold 99.9 purity softened by Rs five per ten grams to settle at Rs 19,910,as against Rs 19,915 yesterday.

In New York,gold for December delivery was down USD 5.60 to USD 1,372.00 an ounce on the Comex division of NYMEX.

December silver fell by 15 cents to settle at USD 24.29 an ounce.

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