New Delhi: Silver prices strengthened by Rs 270 per kilo in the bullion market here today on buying demand from industrial units and coin manufacturers.
Gold however remained flat today with stockists and jewellers staying away from the market owing to current high prices.
Marketmen said buying activity picked up in silver after reports of the metal rising 0.2 per cent to $17.52 an ounce in the Asian markets.
In the bullion market here, silver ready rose by Rs 200 at Rs 21,600 per kilo and weekly-based delivery by Rs 270 at Rs 22,300 per kilo. Silver coins rose by Rs 100 to set a new record high levels at Rs 26,000 for buying and Rs 26,100 for selling of 100 pieces.
Gold, marketmen said, remained unaltered today as prices ruled firm at current high levels, discouraging jewellers and retail customers from purchasing.
• Run-up to Budget 2008-09: View Special
Uncertainty prevailed in global gold market as well after Group of Seven officials, who met in Tokyo, supported sales of gold from IMF reserves as part of its budget reforms.
The IMF is the third-largest holder of gold reserves behind the US and Germany. The IMF has 3,217 metric tons of gold in its reserves, according to the World Gold Council.
In Delhi bullion, standard gold and ornaments remained unchanged at Rs 11,950 and Rs 11,800 per 10 gram respectively.
Sovereign too maintained yesterday's record high levels at Rs 9,475 per piece of eight gram.
Gold however remained flat today with stockists and jewellers staying away from the market owing to current high prices.
Marketmen said buying activity picked up in silver after reports of the metal rising 0.2 per cent to $17.52 an ounce in the Asian markets.
In the bullion market here, silver ready rose by Rs 200 at Rs 21,600 per kilo and weekly-based delivery by Rs 270 at Rs 22,300 per kilo. Silver coins rose by Rs 100 to set a new record high levels at Rs 26,000 for buying and Rs 26,100 for selling of 100 pieces.
Gold, marketmen said, remained unaltered today as prices ruled firm at current high levels, discouraging jewellers and retail customers from purchasing.
• Run-up to Budget 2008-09: View Special
Uncertainty prevailed in global gold market as well after Group of Seven officials, who met in Tokyo, supported sales of gold from IMF reserves as part of its budget reforms.
The IMF is the third-largest holder of gold reserves behind the US and Germany. The IMF has 3,217 metric tons of gold in its reserves, according to the World Gold Council.
In Delhi bullion, standard gold and ornaments remained unchanged at Rs 11,950 and Rs 11,800 per 10 gram respectively.
Sovereign too maintained yesterday's record high levels at Rs 9,475 per piece of eight gram.
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