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EG: Silver recovers, gold softens
 
Silver prices recovered modestly at the bullion market in New Delhi on Friday on fresh industrial as well as speculative demand, despite higher global cues.

On the other hand, in a lacklustre trade gold softened further in the absence of retail buying interest.

Silver ready (.999 fineness) rose by Rs 135 per kg to close at Rs 55,960 from Thursday's close of Rs 55,825.

However, standard gold of 99.5 per cent purity moved down by Rs 15 to finish at Rs 28,100 per 10 grams from Rs 28,115.

Pure gold of 99.9 per cent purity also eased by a similar margin of Rs 15 to end at Rs 28,230 per 10 grams as against to Rs 28,245 previously.

In New York, gold surged on renewed concerns over debt write-downs between Greece government and the private investors.

Gold for April delivery hardened USD 9.80 to USD 1,759.30 an ounce on the Comex division of the NYMEX late yesterday.

March silver contract rose by 37 cents to USD 34.16 an ounce.
Source