Gold prices ruled flat at Rs 13,000 per 10 gram on Monday (December 15) on lack of buying at existing higher levels, while silver rose on better demand from industrial units. According to marketmen, gold prices remained unchanged owing to less buying activity as stockists and jewellers refrained from enlarging their positions at existing higher levels along with end of the marriage season.
However, silver prices went up mainly due to increased industrial offtake and report of a rising trend in global market. Silver in Asian market rose 1.2 per cent at 10.42 dollar an ounce.
Silver ready remained in rapid buying and strengthened further by Rs 100 to Rs 17,100 per kg, while silver weekly-based delivery was up by Rs 110 to Rs 17,230 per kg. Silver coins, though, held stable at Rs 26,600 for buying and Rs 26,700 for selling of 100 pieces. On the other hand, standard gold and ornaments held steady at Rs 13,000 and Rs 12,850 per 10 grams respectively. Sovereign followed suit and traded around previous level of Rs 10,500 per piece of eight gram.
However, silver prices went up mainly due to increased industrial offtake and report of a rising trend in global market. Silver in Asian market rose 1.2 per cent at 10.42 dollar an ounce.
Silver ready remained in rapid buying and strengthened further by Rs 100 to Rs 17,100 per kg, while silver weekly-based delivery was up by Rs 110 to Rs 17,230 per kg. Silver coins, though, held stable at Rs 26,600 for buying and Rs 26,700 for selling of 100 pieces. On the other hand, standard gold and ornaments held steady at Rs 13,000 and Rs 12,850 per 10 grams respectively. Sovereign followed suit and traded around previous level of Rs 10,500 per piece of eight gram.
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