Gold ends almost flat in listless trade, silver slips further

Mumbai: Gold prices ended almost flat at the domestic bullion market today following slack demand from stockists and investors coupled with subdued local buying interest as well as fluctuating international markets.Silver extended the downtrend owing
gold ends almost flat in listless trade silver...
India TV News Desk October 03, 2013 19:18 IST
Mumbai: Gold prices ended almost flat at the domestic bullion market today following slack demand from stockists and investors coupled with subdued local buying interest as well as fluctuating international markets.





Silver extended the downtrend owing to steady speculative selling amid lack of industrial buying support.  Standard gold of 99.5 per cent purity edged down by Rs 5 to end at Rs 29,545 per 10 gm from Wednesday's closing level of Rs 29,550.

Pure gold of 99.9 per cent purity eased by Rs 10 to close at Rs 29,690 per 10 gm from Rs 29,700.

Silver ready (.999 fineness) dropped by Rs 310 to finish at Rs 49,265 per kg as against Rs 49,575 yesterday.

Globally, gold fell on profit booking after the previous session's rebound as investors were cautious over US political deadlock amid partial Government shutdown in the world's largest economy and lack of demand from key markets.

In London, spot gold was bid down at USD 1,305.60 an ounce in early trade, while silver was bid lower at USD 21.51 an ounce.
 
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