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Silver, Gold end weak

Posted on Jan 17, 09:07PM | UNI

After the two-day rally, the precious metals ended weak today, with Silver down by Rs 45 per kg to Rs 59,265 and Gold eased by Rs 90 per ten gm to Rs 30,550 on lack of buying enquiries from stockists along with negative global cues, traders at the Bombay Bullion Association (BBA) said.

Silver remained steady at Rs 59,310 in the opening session.

Finally, it drifted lower by Rs 45 to close negative at Rs 59,265 as compared to its last close.

Gold, which was down by Rs 25 per ten gm in the opening session, lost further ground by Rs 90 for standard gold and Rs 95 for pure gold.

Finally, standard and pure gold finished in red at Rs 30,550 and Rs 30,685 per ten gm respectively.

A similar trend was seen in Asian markets, where Gold fell to USD 16.79 per ounce and Silver shed to USD 31.40 per ounce.

Following are the closing rates of Silver and Gold: Silver (per kg) Rs 59,265 (Rs 59,310) Standard gold Rs 30,550 (Rs 30,640) Pure gold Rs 30,685 (Rs 30,780) (per 10 gm)