Free Press Journal

Gold edges higher on improved buying; silver softens

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mumbai bullion

Mumbai: Gold prices advanced further on the domestic bullion market today due to increased off-take by stockists and retailers supported by good local buying interest.

Meanwhile, silver declined modestly owing to reduced industrial demand.

Standard gold (99.5 purity) rose by Rs 40 to conclude at Rs 26,700 per 10 grams from Monday’s closing level of Rs 26,660.


Pure gold (99.9 purity) also moved up by Rs 35 to end at Rs 26,845 per 10 grams as compared to Rs 26,810.

Silver (.999 fineness), however eased by Rs 25 to finish at Rs 41,085 per kg as against Rs 41,110 yesterday.

Globally, the shiny metal traded marginally firm in a mute trade as investors remained on the sidelines amid a lack of fresh triggers amid strong rally in global equities.

Spot gold edged up slightly at USD 1,255.10 an ounce in early European trade.