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Gold prices hold steady at Rs 27,000 on scattered buying; silver prices recover

Gold prices hold steady at Rs 27,000 on scattered buying; silver prices recover

Traders said scattered buying by retailers and jewellers mainly kept gold prices steady at the bullion market even as prices of the yellow metal edged higher in global markets.

(Photo: Reuters) (Photo: Reuters)

Gold prices on Wednesday held steady at Rs 27,000 per ten gram in the national capital on scattered buying by retailers.

Traders said scattered buying by retailers and jewellers mainly kept gold prices steady at the bullion market even as prices of the yellow metal edged higher in global markets.

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In the national capital, gold of 99.9 and 99.5 per cent purity ruled steady at Rs 27,000 and Rs 26,800 per ten gram respectively.

Sovereign followed suit and traded at last level of Rs 23,700 per piece of eight gram.

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However, silver recovered by Rs 150 to Rs 36,500 per kg on increased offtake by industrial units and coin makers.

Gold in Singapore, which normally sets the price trend on the domestic front, was trading 0.25 per cent higher at US $1,179.80 an ounce.

On the other hand, silver ready recovered by Rs 150 to Rs 36,500 per kg and weekly-based delivery by a similar margin to Rs 36,470 per kg.

Meanwhile, silver coins continued to be traded at the last level of Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.

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Published on: Dec 24, 2014, 2:52 PM IST
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