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| Edited By: |Source: PTI |Updated: Mar 17, 2018, 06:56 AM IST
Silver climbed a new high by adding Rs150 to Rs50,700 per kg on the bullion market today on heavy speculative buying, amid firm global trends. However, gold slipped by Rs110 to Rs21,070 per 10 grams, due to sluggish demand at existing high levels.
Traders said firming trends in silver prices at futures trading further fuelled the uptrend.
On the other hand, gold declined on lack of demand at existing high levels, they said.
Silver in global markets, which normally sets a price trend on the domestic front, gained 0.7% to $34.11 an ounce.
On the domestic front, silver ready remained on record making spree and added another Rs150 to set a new peak of Rs50,700 per kg. It had gained Rs 300 in the previous session.
Similarly, the silver weekly-based delivery sky-rocketed by Rs755 to record high of Rs51,200 per kg. It had climbed by Rs775 yesterday.
Silver coins also traded higher by Rs100 to Rs54,600 for buying and Rs500 to Rs55,100 for selling of 100 pieces.
Gold of 99.9 and 99.5% purity fell by Rs110 each to Rs21,070 and Rs20,950 per 10 grams, respectively. Sovereign continued to be asked around previous level of Rs17,200 per piece of eight grams.
