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July 20, Friday 2018 12:56 AM       

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       Gold, silver recover on mild demand
 
         Posted on :01:45:25 Jul 12, 2018
   
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       Last edited on:01:45:25 Jul 12, 2018
         Tags: Gold, silver recover on mild demand
 
Mumbai: Gold prices recovered marginally to Rs 30,380 per 10 grams at the bullion market here today due to mild demand from stockist and retailers even as the metal weakened overseas.
 
Silver too strengthened by Rs 25 per kg due to increased offtake by industrial units.
 
Standard gold (99.5 purity) edged-up by Rs 10 to settle at Rs 30,380 per 10 grams as against Tuesday's closing level of Rs 30,370.
 
Pure gold (99.9 purity) also moved up by the same margin to end at Rs 30,530 per 10 grams against Rs 30,520 earlier.
 
Silver (.999 fineness) rose Rs 25 per kg to finish at Rs 39,130 as against Rs 39,105 previously.
 
Globally, gold prices slipped as US threats of tariffs on an additional USD 200 billion of Chinese goods pushed safe-haven flows to the dollar.
 
Spot gold was 0.4 per cent lower at USD 1,249.04 an ounce at early trade.
 
Silver shed 1 per cent to USD 15.89 an ounce.
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       BUSINESS
Next Article: BSNL starts first internet telephony service in India
 
 
BUSINESS HEADLINES
Sensex slides 146 pts on profit-booking, political developments  
India prepared to impose 'safeguards' if steel imports rise: government source  
Nickel falls on lower demand  
May announces new 2 bn pounds UK-Italian fighter jet project  
Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
 
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