Gold price falls to Rs. 29,290 per 10 gm; silver up at Rs. 41,800
New Delhi-India (April 10) Gold prices eased by Rs. 10 to Rs. 29,290 per 10 grams in thin trade today, tracking a weak trend overseas amid muted demand from local jewellers.
Silver, however, recovered Rs. 50 to Rs. 41,800 per kg on diffused demand from industrial units and coin makers.
Other than global leads because of mounting tension between the US and Russia, softness in demand from local jewellers at the domestic spot market mainly kept gold prices lower, traders said.
Globally, gold fell 0.1 per cent to $1,252.60 an ounce and silver by 0.28 per cent to $17.91 in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity shed Rs. 10 each at Rs. 29,290 and Rs. 29,140 per 10 grams, respectively.
Sovereign, however, remained steady at Rs. 24,400 per piece of eight grams.
On the other hand, silver ready edged up by Rs. 50 to Rs. 41,800 per kg, while weekly-based delivery traded lower by Rs. 10 at Rs. 41,370 per kg.
Silver coins, however, continued to be traded at the previous level of Rs. 71,000 for buying and Rs. 72,000 for selling of 100 pieces.
Source: BusinessLine
