This Article is From Oct 09, 2014

Gold Ends Steady at Rs 27,400 in Thin Trade

Gold Ends Steady at Rs 27,400 in Thin Trade

New Delhi: After rising for three straight sessions, gold remained steady at Rs 27,400 per 10 grams in the national capital on Thursday on the back of restricted buying by jewellers and retailers even as the metal strengthened in global markets.

Silver too ended flat at Rs 39,000 per kg on some buying support from coin makers ahead of Diwali.

Traders said restricted buying from jewellers and retailers mainly kept precious metals at previous levels.

Globally, gold added 0.5 per cent to $1,227.16 an ounce - the highest level since September 26 in Singapore.

In Delhi, gold of 99.9 and 99.5 per cent purity ruled steady at Rs 27,400 and Rs 27,200 per 10 grams, respectively, while sovereign enquired at previous level of Rs 24,200 per piece of 8 grams.

Silver ready also closed steady at Rs 39,000 per kg while weekly-based delivery rose by Rs 355 to Rs 38,810 per kg on buying support from speculators.

In line with overall trends, silver coins continued to be traded at Rs 68,000 for buying and Rs 69,000 for selling of 100 pieces in limited deals.