Mumbai: Gold firmed up further at the domestic bullion market here today on sustained stockist and investors offtake as well as local buying interest, despite a stable international market. While, silver slipped slightly owing to speculative selling and lower industrial demand.
Standard gold (99.5 purity) gained by Rs 85 to end at Rs 26,950 per 10 grams from Tuesday’s level of Rs 26,865. Pure gold (99.9 purity) also went-up by a similar margin of Rs 85 to conclude at Rs 27,100 per 10 grams as against Rs 27,015 yesterday.
However, Silver (.999 fineness) eased by Rs 45 per kg to finish at Rs 37,390 as compared to Rs 37,435 previously. Globally, Gold steadied in early European trade breaking a three-day slide in the previous session, supported by a softer dollar and expectations that the Federal Reserve will push back a US interest rate increase to next year.
In London, spot gold was quoting stable at USD 1,175.45 an ounce in early trade, while spot silver was down at USD 15.75 an ounce.
