MUMBAI : Silver prices slid further at the bullion market here on Saturday on continued speculative sell-off and investors profit-taking amid bearish global market. While, gold moved up slightly on mild trading activity.
Silver ready (.999 fineness) dipped by Rs 190 per kg to finish at Rs 51,930 from Friday’s closing level of Rs 52,120.
However, standard gold of 99.5 per cent purity added by Rs 5 to end at Rs 27,455 per 10 grams from Rs 27,450.
Pure gold of 99.9 per cent purity gained by Rs 10 to close at Rs 27,585 per 10 grams from Rs 27,575 yesterday.
In New York, gold declined on strong dollar following renewed concerns over Europe credit.
Gold for February delivery ended down $16.90 to $1,630.80 an ounce on the Comex division of the NYMEX late yesterday.
March silver contract lost 60 cents to $29.52 an ounce.
