Gold slightly up at Rs 14,080 in India

February 04, 2009

Commodity Online
NEW DELHI : Gold and silver prices moved opposite way Wednesday as the yellow metal edged up by Rs 10 to Rs 14,080 while silver declined on lack of support.

Bullion improved slightly mainly on retailers buying for the current marriage season, while silver lacked support from industrial units.
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Gold ornaments also gained Rs 10 to Rs 13,930 per 10 gram. However, sovereign was down by Rs 25 at Rs 11,025 per piece of eight gram on fresh arrivals.

Silver ready fell by Rs 50 to Rs 19,400 per kg and weekly-based delivery by the same margin to Rs 19,600 per kg.

Silver coins continued to be asked at previous level of Rs 27,800 for buying and Rs 27,900 for selling of 100 pieces.

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