NEW DELHI: Gold prices eased by Rs 10 at Rs 17,080 per 10 gram on the bullion market here today on reduced offtake by customers, even as the global trend remained firm, while silver rises picked up on higher demand.
Silver prices moved by Rs 150 per kg in the local market. Marketmen said the gold remained volatile, moving in line with investment demand, even discounting any fresh cues on the global front which controls prices in the domestic markets.
In the international markets gold rose as drop in dollar and equities prompted investors to shift their funds to the precious metal that is considered as safe heaven, they added.
Meanwhile, silver, however, gained on pick up in demand among industrial units, fearing the prices might further go up, the traders said.
Standard gold and ornaments declined by Rs 10 each at Rs 17,080 and Rs 16,930 per 10 gram respectively. Sovereign held unchanged at Rs 14,050 per piece of eight gram.
Silver ready rose by Rs 150 to Rs 28,750 per kg and weekly-based delivery rose by Rs 125 to Rs 28,375 per kg.
Silver coins, on the other hand, remained unchanged at Rs 33,700 for buying and Rs 33,800 for selling of 100 pieces.
TOI
Silver prices moved by Rs 150 per kg in the local market. Marketmen said the gold remained volatile, moving in line with investment demand, even discounting any fresh cues on the global front which controls prices in the domestic markets.
In the international markets gold rose as drop in dollar and equities prompted investors to shift their funds to the precious metal that is considered as safe heaven, they added.
Meanwhile, silver, however, gained on pick up in demand among industrial units, fearing the prices might further go up, the traders said.
Standard gold and ornaments declined by Rs 10 each at Rs 17,080 and Rs 16,930 per 10 gram respectively. Sovereign held unchanged at Rs 14,050 per piece of eight gram.
Silver ready rose by Rs 150 to Rs 28,750 per kg and weekly-based delivery rose by Rs 125 to Rs 28,375 per kg.
Silver coins, on the other hand, remained unchanged at Rs 33,700 for buying and Rs 33,800 for selling of 100 pieces.
TOI
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