Saturday, April 27, 2013

Gold prices rise on seasonal buying; silver rates ease

New Delhi: Gold prices rose by Rs 100 to Rs2 8,100 per ten grams in the national capital on Saturday on buying by stockists and retailers for the ongoing marriage season.

However, silver prices lacked demand support and declined by Rs 500 to Rs 46,900 per kg.

Traders said gold prices rose on stockists and retail customers buying for the ongoing marriage season, while silver surrendered fresh ground on lack of necessary follow-up support.

On the domestic front, gold of 99.9 and 99.5% purities advanced by Rs 100 each to Rs 28,100 and Rs 27,900 per ten grams respectively.

However, sovereigns met with resistance at existing higher levels and fell by Rs 150 to Rs 24,200 per piece of eight gram.

On the other hand, s lver (ready) declined by Rs 500 to Rs 46,900 per kg and weekly-based delivery by Rs 1 00 to Rs 45,000 per kg.

Silver coins continued to be asked at last level of Rs 77,000 for buying and Rs 178,000 for selling of 100 pieces.
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