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In New York Comex trade, gold for delivery in February

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fell at USD 1,188.40 an ounce as compared to last weekend’s close of USD 1,204.90, however silver for March also rose to settle at USD 17.136 an ounce from USD 17.032.

On the domestic front, standard gold (99.5 purity) resumed higher at Rs 29,225 per 10 grams from last Friday’s closing level of Rs 29,050, later moved in a range of Rs 29,310 and Rs 28,725 before closing at Rs 28,705, showing a fall of Rs 345 per 10 grams, or 1.19 per cent.

Similarly, pure gold (99.9 purity) also commenced higher at Rs 29,375 per 10 grams from previous weekend’s level of Rs 29,200 and later hovered in a range of Rs 29,460 and Rs 28,875 before finishing at Rs 28,855, revealing a loss of Rs 345 per 10 grams, or 1.18 per cent.

Silver ready (.999 fineness) opened positive at Rs 41,950 per kilo from its previous weekend level of Rs 41,485, and later drifted to a low of 41,410 before ending at Rs 40,890, registering a loss of Rs 595 per kilo, or 1.43 pct.

Bullion market remained closed on 26, Jan. 2017 for “Republic Day” holiday.(MORE)

(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Source: dnaindia.com