Gold ends steady on scattered buying; silver higher

New Delhi-India (Jan 14)  Gold prices today held steady at Rs 27,550 per ten grams at the bullion market on scattered buying by jewellers and retailers, even as the precious metal weakens overseas.

 Silver, however, maintained an upward trend for the third straight day and rose by another Rs 350 to Rs 37,800 per kg on sustained buying by industrial units and coin makers.

 Traders said some buying activity by jewellers and retailers mainly kept gold prices steady.

Globally, gold fell 0.5 percent to USD 1,225 an ounce in Singapore.

On the other hand, silver ready strengthened by Rs 350 to Rs 37,800 per kg and weekly based delivery by Rs 140 to Rs 37,530 per kg.

Source: EconomicTimes.India