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Gold Prices Remain Flat, Silver Slips


PTI 10 Aug 2018, 12:26 PM India

Gold prices ruled steady at the bullion market here today on muted offtake by jewelers and investors even as the metal prices weakened overseas.

In contrast, silver slumped by Rs 135 to Rs 37,825 per kg, driven down by reduced demand from industrial units.

Standard gold (99.5 percent purity) closed at the overnight level of Rs 29,490 per 10 gram.

Pure gold (99.9 percent purity) also settled at its previous level of Rs 29,640 per 10 gram.

Silver (.999 fineness) slumped by Rs 135 to conclude at Rs 37,825 as compared to Rs 37,960 previously.

Spot gold was trading down 0.2 percent at USD 1,210.15 an ounce at early trade, with the dollar 0.5 percent stronger against a basket of major currencies.

Silver was down 0.3 percent at USD 15.36 an ounce.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Country :
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