There was no change in the pattern of
trading on the bullion market in India on Tuesday, as gold added another Rs 35 to Rs 21,995 per 10 grams on sustained buying, driven by firm overseas trend, while silver further shed Rs 50 to Rs 51,300 per kg on sluggish demand.
Trading sentiments bolstered as gold advanced by $9.80 to $1,496.30 an ounce in New York on investment buying after the metal tumbled to a six-week low and a weaker dollar spurred the demand for the metal as an alternative asset.
Should you invest in Gold or Silver? On the other hand, the white metal declined on lack of buying at existing high levels and surrendered further ground.
On the domestic front, gold of 99.9 and 99.5 per cent purity added another Rs 35 each to Rs 21,995 and Rs 21,875 per 10 grams. The yellow metal had gained Rs 140 Monday.
Invest in gold via SIPs Sovereigns held steady at Rs 18,650 per piece of eight grams.
However, silver ready fell further by Rs 50 to Rs 51,300 per kg and weekly-based delivery declined by Rs 20 to Rs 51,300 per kg.
Silver coins followed suit and dropped by Rs 1,000 to Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces on reduced offtake at existing high levels.
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