Mumbai:- Gold edged up at the domestic bullion market here today amid mild offtake from investors and jewellers.
However, silver slipped by Rs 80 to Rs 36,620 owing to lower industrial demand.
Standard gold (99.5 purity) moved-up by Rs 5 to end at Rs 28,735 per 10 grams from yesterday’s level of Rs 28,730.
Pure gold (99.9 purity) also rose by a similar margin to close at Rs 28,885 per 10 grams against Rs 28,880 yesterday.
However, silver (.999 fineness) dropped by Rs 80 per kg to finish at Rs 36,620 compared to Rs 36,700 previously.
Globally, gold fell, as strength in equities prompted investors to cash in some of the previous day’s gains, but remained on track for its biggest weekly rise in five as the Federal Reserve stayed cautious on U.S. rate hikes.
Spot gold was down 0.4 percent at USD 1,236.00 an ounce in early European trade, while U.S. gold futures for June delivery were flat at USD 1,237.50 an ounce. Prices are up 1 percent this week, chiefly due to a 1.5 percent rally on Thursday.
Among other precious metals, silver was flat at USD 15.21 an ounce.
PTI
