The gold prices gained Rs 35 at Rs 14,860 per 10 gram in the national capital on Feb 16 on the back of sustained buying by the retail customers for the ongoing marriage season. On the other hand, the silver lost Rs 180 to Rs 21,100 per kg on lack of any support from the industrial units.
Marketmen said that the support to the gold was mainly on the physical buying and reports of a weakening global trend that failed to influence the trading sentiment. In the overseas markets, it recorded a fall of 0.6 per cent to $936.33 an ounce.
The standard gold and ornaments gained Rs 35 each at Rs 14,860 and Rs 14,710 per 10 gram, respectively. In line with this, the sovereign was also up by Rs 100 to Rs 11,500 per piece of eight gram on seasonal buying. The silver ready fell by Rs 180 to Rs 21,100 per kg and weekly-based delivery by Rs 460 to Rs 21,314 per kg. The silver coins dropped by Rs 100 to Rs 28,200 for buying and Rs 28,300 for selling of 100 pieces.
source: livemint.com
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