Gold weakens; silver advances

Source: The Hitavada      Date: 26 Mar 2017 09:31:04


NEW DELHI,

Mar 25,

(PTI),

GOLD prices softened by Rs 20 to Rs 29,330 per ten grams at the bullion market on Saturday, tracking a weak trend overseas amid easing demand from local jewellers. Silver, however, advanced by Rs 425 to Rs 41,800 per kg on increased offtake by industrial units and coin makers. In the National Capital, gold of 99.9 and 99.5 per cent purity traded lower by Rs 20 each to Rs 29,330 and Rs 29,180 per ten grams, respectively. The precious metal had gained Rs Rs 350 yesterday. Sovereign, however, remained flat at Rs 24,400 per piece of eight grams in scattered deals. On the other hand, silver ready rose further by Rs 425 to Rs 41,800 per kg and weekly-based delivery by Rs 270 to Rs 41,530 per kg.