Silver slips on stockists offering, gold gains

Written by: Pti
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Mumbai, Feb 10 (PTI) Silver prices declined at thebullion market here today, due to offering by stockists at thehigher levels amid easing trend in overseas market.

Gold, however, moved up further, owing to good localbuying interest on the back of marriage season demand.

Silver ready (.999 fineness) went down by Rs 110 perkg to close at Rs 45,975 from Wednesday''s closing level ofRs 46,085.

However, standard gold (99.5 per cent purity) firmedup by Rs 35 per 10 grams to conclude at Rs 20,230 from Rs20,195 yesterday.

Pure gold (99.9 per cent purity) also gained by asimilar margin to end at Rs 20,330 as compared to Rs 20,295.

In Europe, gold lost some ground on strengthening dollarand limited demand from Asia.

Spot gold was bid at USD 1,358.06 an ounce in early tradeas against USD 1,362.89 late in New York yesterday.

Spot silver was bid at USD 29.89 an ounce as against USD30.17.

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