Silver prices firmed up on the market during the week under
review on brisk buying by stockists and coin makers while gold ended steady at
Rs 30,830 per 10 grams.
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| Trifid Research |
Traders said brisk buying by stockists and coin makers
mainly led to rise in silver prices
while limited physical buying following the ending of marriage season kept on gold
steady. In the nationalized capital, silver complete commenced higher and
day-to-day increased buying by stockists and coin makers it rallied to close at
Rs 47,200 per kg, showing gains of Rs 800. Equally, silver weekly-based release
has ended higher by Rs 885 to Rs 47,085 per kg this week.
Silver coins also spurted by Rs 1,000 to Rs 88,000 for
purchasing and Rs 89,000 for selling of 100 pieces. On the other hand, gold of
99.9 and 99.5 % purity after moving between gains and losses on alternate bouts
of purchasing and selling, previous to finale at last levels of Rs 30,830 and
Rs 30,630 per 10 grams, respectively. Though, lacked necessary follow up
support and shed Rs 55 to Rs 25,355 per piece of eight grams.
Money Market Manthan Financial Services
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