Gold, silver down on poor demand

Both the precious metals, gold and silver, declined today on reduced offtake at prevailing higher levels. While gold fell by Rs 10 to Rs 30,440 per 10 grams, silver shed Rs 200 to Rs 54,100 per kg. Traders said fall in demand at prevailing higher levels mainly led to decline in gold and silver prices.

Gold of 99.9 and 99.5 per cent purity declined by Rs 10 each to Rs 30,440 and Rs 30,240 per 10 grams, respectively, while sovereigns held steady at Rs 24,500 per piece of eight grams. In line with a general weakening trend, silver ready fell by Rs 200 to Rs 54,100 per kg and weekly-based delivery by Rs 160 to Rs 53,640 per kg. Silver coins also moved down by Rs 1,000 to Rs 65,000 for buying and Rs 66,000 for selling of 100 pieces.

Source:http://www.dayandnightnews.com/2012/08/gold-silver-down-on-poor-demand/

Gold prices gain Rs 80, silver prices Rs 300

Both gold and silver rose in the bullion market here today on fresh buying by stockists and investors amid a firming global trend.

While gold gained Rs 80 to Rs 30,450 per 10 grams, silver added Rs 300 to Rs 54,300 per kg.

Silver coins also spurted by Rs 2,000 to Rs 66,000 for buying and Rs 67,000 for selling of 100 pieces.

Traders said besides fresh buying, strong cues from overseas markets on speculation that governments from China to the US may take steps to spur growth, also influenced the trading sentiment.

In Singapore, gold rose 0.2 per cent to USD 1,618.52 an ounce.

On the domestic front, gold of 99.9 and 99.5 per cent purity rose by 80 each to Rs 30,450 and Rs 30,250 per 10 grams, respectively.

Sovereign moved up by Rs 50 to Rs 24,500 per piece of eight grams.

Silver ready moved up by Rs 300 to Rs 54,300 per kg and weekly-based delivery by Rs 275 to Rs 53,800 per kg.

Source:http://www.indianexpress.com/news/gold-prices-gain-rs-80-silver-prices-rs-300/989571/

Gold sheds Rs 30, silver gains Rs 100 on sluggish demand

Gold prices declined by Rs 30 to Rs 30,370 per 10 grams in the bullion market here today due to sluggish demand, while silver rose by Rs 100 to Rs 54,000 on increased offtake.

Traders said subdued demand at prevailing higher levels amid a weak global trend where strengthening dollar curbed demand for the precious metal as an alternate investment.

In London, gold fell by 0.1 per cent to $1,601.75 an ounce.

Silver prices increased on rise in offtake by industrial units, they added.

On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 30 each to Rs 30,370 and Rs 30,170 per 10 grams, respectively.

Sovereign remained steady at Rs 24,450 per piece of eight grams.

Silver ready rose by Rs 100 to Rs 54,000 per kg and weekly-based delivery traded marginally higher by Rs 10 to Rs 53,525 per kg.

Silver coins continued to be asked around previous level of Rs 64,000 for buying and Rs 65,000 for selling of 100 pieces.

Source:http://economictimes.indiatimes.com/markets/commodities/gold-sheds-rs-30-silver-gains-rs-100-on-sluggish-demand/articleshow/15516496.cms