Silver followed suit and regained the Rs 40,000-mark on increased offtake by industrial units and coin makers. Globally, gold ended the week higher at USD 1,288.70 an ounce and silver at USD 17.10 an ounce in New York. Investors shifting their funds from falling equity to rising bullion too fuelled the uptrend, they added. Following gold, silver ready ended extremely higher by Rs 1,875 to Rs 40,200 per kg and weekly-based delivery finished higher by Rs 1940 to Rs 39,200 per kg. Silver coins, however, held steady at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.

Source: dna August 12, 2017 09:56 UTC