New Delhi, Dec 3 (PTI) Gold prices today rose by Rs 70 to close at 12,700 per 10 grams in the bullion market here on increased buying by retail customers at existing lower levels.
However, silver prices slipped by Rs 50 to settle at 16,650 per kg on poor industrial demand.
Marketmen said gold prices, which had fallen nearly Rs 500 in last three sessions, rose on fresh buying by retailers and jewellery fabricators at existing lower levels.
They said trading sentiment improved further on increased buying for marriage season and some funds shifting from volatile equities to bullion.
Standard gold and ornaments gained Rs 70 each to Rs 12,700 per 10 gram and Rs 12,550 per 10 gram respectively. Sovereign remained flat at Rs 10,500 per piece of eight gram.
Silver ready remained selling pressure and lost Rs 50 at Rs 16,650 per kg but silver weekly-based delivery recovered by Rs 140 to Rs 16,720 per kg on speculative buying. Silver coins, however, remained stable at Rs 26,400 for buying and Rs 26,500 for selling of 100 pieces. PTI
