Gold, silver end steady on scattered demand
Gold of 99.9 per cent and 99.5 per cent purity ruled steady at Rs 29,850 and Rs 29,700 per 10 grams, respectively.
New Delhi: Gold prices today held steady at Rs 29,850 per 10 grams at the bullion market in scattered deals even as it weakened overseas. Silver followed suit and ruled flat at Rs 42,800 per kg.
Traders said scattered demand from local jewellers in view of ongoing wedding season at domestic spot market kept gold prices steady despite a weak trend overseas.
Globally, gold fell by 0.24 per cent to USD 1230.50 an ounce and silver by 0.28 per cent to USD 17.62 an ounce in Singapore.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity ruled steady at Rs 29,850 and Rs 29,700 per 10 grams, respectively.
It had lost Rs 300 in last two days. Sovereign remained unaltered at Rs 24,400 per piece of eight grams.
Silver ready finished at previous level of Rs 42,800 per kg, while weekly-based delivery fell by Rs 130 to Rs 42,305 per kg.
Silver coins, however, continued to be at the previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.