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Reply #37: Gold ends steady in thin trade, silver up on industrial demand [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-11 08:51 AM
Response to Reply #33
37. Gold ends steady in thin trade, silver up on industrial demand

NEW DELHI: Gold prices held steady at Rs 29,440 per 10 gram on Monday, while silver edged up by Rs 60 to Rs 56,460 per kg on industrial demand.

The market remained steady in the absence of any worthwhile moving factors, as stockists and jewellers refrained from enlarging their positions.

Despite the ongoing marriage season, jewellers and retail customers adopted 'wait-and-watch' policy on hopes of a correction in the gold prices that are trading at record levels.

Gold of 99.9 and 99.5% purity held steady at Rs 29,440 and Rs 29,300 per 10 grams, respectively. Sovereigns also traded at last level of Rs 23,3500 per piece of eight grams.
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