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PTI: Gold firms up on global cues, silver tumbles
 
Gold prices maintained its bullish trend at the bullion market here today on robust buying by investors and traders influenced by rising global markets.
On the other hand, silver witnessed a sharp fall following heavy profit-taking by stockist and speculators.
Standard gold (99.5 purity) rose by Rs 105 per 10 grams to end at Rs 22,455 from yesterday''s closing level of Rs 22,350.
Pure gold (99.9 purity) also gained by Rs 100 per 10 grams to close at Rs 22,560 as compared to Rs 22,460 previously.
However, silver ready (.999 fineness) tanked by Rs 1,520 per kg to finish at Rs 53,035 from Monday''s closing level of Rs 54,555.
In New York, gold advanced on continuing concerns over eurozone debt crisis as well as failed negotiations on raising US debt ceiling.
Gold for August delivery added by USD 7.60 to settle at USD 1,549.20 an ounce on the Comex division of NYMEX yesterday.
Silver was down by 84 cents to conclude at USD 35.69 an ounce.
Source