Gold ends steady in thin trade, silver gains

Gold prices ended flat after its three consecutive session surge at the bullion market here today amid thin demand from stockists and retail consumers.  Silver gained further on good speculative off-take as well as industrial demand.
Standard gold of 99.5 per cent purity remained stable to close at last Saturday’s level of Rs.27,380 per 10 gm.  While, pure gold of 99.9 per cent purity added by a mere Rs.5 to end at Rs.27,515 per 10 gm from Rs.27,510.
Silver ready (.999 fineness) strengthened by Rs.170 to conclude at Rs.46,800 per kg, against Rs.46,630 last weekend.  Overseas, gold rose on weaker dollar and in line with strong equity markets amid prospects of continued central bank monetary easing in the US and Europe.
In Europe, spot gold bid higher at $ 1,470.96 an ounce in early trade and silver was bid up at $ 24.19 an ounce.

Source: Bullion Bulletin

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