Marginal fall in gold prices, silver rule steady

13 April 2009 | 05:21 Code : 18966 Geoscience events
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Prices of standard gold ended marginally lower in a quiet bullion market on...

Prices of standard gold ended marginally lower in a quiet bullion market on Saturday due to lack of local buying interest. Pure gold and silver prices ruled steady in the absence of market moving-factors. Gold prices held steady at USD 880.50 per ounce in Tokyo yesterday as activity slowed down with other major markets heading into the Easter break. Markets were closed in Australia, Singapore, Hong Kong and the United States as well as most of the Europe. Turning to the local market, standard gold (99.5 purity) eased by Rs 5 per ten grams to Rs 14,295 from yesterday’s closing level of Rs 14,300. However, pure gold (99.9 purity) closed unchanged at Rs 14,360 per ten grams. Silver ready (.999 fineness) also closed unaltered at Rs 21,105 per kilo.


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