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Market Eye
| Gold firms up further, silver declines | 13/07/2009 02:01:20 | MUMBAI: Gold prices firmed up further on the bullion market here on Monday on persistent local demand coupled with higher global
cues.
Meanwhile, silver continued its declining trend on weak industrial support amidst lower global advices.
In London, spot gold was bid at $912.60 an ounce as against $912.15 an ounce late on Friday.
However, silver slipped to a 10-week low in early trade as a fall in industrial metals added to downward pressure.
Silver ended at $12.52 an ounce as against $12.65 previously. It early hit a fresh ten-week low of $12.45 an ounce.
In the domestic market, standard gold (99.5 purity) firmed up further by Rs 50 per ten grams to Rs 14,585 from last weekend's level of Rs 14,535.
Pure gold (99.9 purity) also advanced by Rs 45 per ten grams to Rs 14,655 as against Rs 14,610 previously.
However, silver ready (.999 fineness) dropped further by Rs 105 per kilo to Rs 21,590 from Rs 21,695 previously. | Market
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