Gold gains on steady buying; silver slips

Mumbai, PTI | Updated : 14 March 2015, 03:57 PM

Gold prices gained further at the bullion market here on steady buying from stockists and retail consumers amid better international markets.

While, silver slipped owing to speculative selling and reduced industrial demand.

Standard gold (99.5 purity) climbed by Rs 95 to close at Rs 25,995 per 10 grams from Friday’s closing level of Rs 25,900.

Pure gold (99.9 purity) also advanced by a similar margin to finish at Rs 26,145 per 10 grams from Rs 26,050.

However, silver (.999 fineness) declined by Rs 65 per kg to conclude at Rs 36,140 as against Rs 36,205 previously.

In New York, gold moved up slightly on some support as economic data of US producer price index cooled expectations for a Federal Reserve interest rate hike as early as June.

Gold for delivery in April climbed by 50 cents to settle at USD 1,152.40 an ounce on Comex, while silver for May delivery fell 2.2 cents to USD 15.494 an ounce. 

First Published: Saturday, March 14, 2015 03:55 PM
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