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Gold Slips On Sluggish Demand, Silver Firms Up

Mumbai, Dec 26: Gold prices slipped modestly at the bullion market here today due to subdued investment demand as well as lower jewellery off-take.While silver firmed up on renewed speculative interest amid modest industrial support.Trading

PTI [ Updated: December 26, 2011 18:36 IST ]
gold slips on sluggish demand silver firms up
gold slips on sluggish demand silver firms up

Mumbai, Dec 26: Gold prices slipped modestly at the bullion market here today due to subdued investment demand as well as lower jewellery off-take.


While silver firmed up on renewed speculative interest amid modest industrial support.

Trading activity was by and large lacklustre in the absence of any direction from overseas, as most of the markets were closed for extended Christmas holidays, traders said.

Standard gold of 99.5 per cent purity moved down by Rs 30 to settle at Rs 27,585 per 10 grams from last Saturday's close of Rs 27,615.

Pure gold of 99.9 per cent purity also eased by Rs 25 to end at Rs 27,715 per 10 grams from Rs 27,740.

However, silver ready (.999 fineness) rose by Rs 80 to finish at Rs 52,530 per kg as compared to Rs 52,450 last weekend.

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