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Gold prices remain steady despite weak global cues

LiveMint logoLiveMint 02-03-2017 PTI

New Delhi: Gold prices held steady at the bullion market on Thursday, while silver prices recaptured the Rs44,000 per kg mark with prices rising by Rs200 on increased offtake by domestic industries.

Gold remained flat at Rs30,000 per 10 grams in scattered deals even as it weakened overseas, while silver rose to Rs44,050 per kg.

Traders attributed the rise in silver prices to pick up in demand from industrial units at the domestic spot market.

Globally, gold fell 0.24% to $1,246 an ounce and silver 0.05% to $18.38 in Singapore. In the national capital, silver ready shot up by Rs200 to Rs 44,050 per kg while weekly-based delivery rose by Rs170 to Rs43,320 per kg.

Silver coins, however, continued to be at the previous level of Rs74,000 for buying and Rs75,000 for selling of 100 pieces.

On the other hand, gold of 99.9 per cent and 99.5 per cent purity held steady at Rs 30,000 and Rs 29,850 per 10 grams, respectively. It had lost Rs 150 yesterday.

Sovereign, however, remained unchanged at Rs 24,500 per piece of eight grams.

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