Silver also edged higher by Rs50 to Rs43,450 per kg on increased offtake by industrial units and coin makers. Traders said persistent buying by local jewellers to meet ongoing wedding season demand mainly kept the precious metal higher, but a weak trend overseas capped the losses. Globally, gold fell 0.32% to $1,234.60 an ounce and silver 0.64% to $17.95 an ounce in New York on Friday. Silver ready also moved up by Rs50 to Rs43,450 per kg and weekly-based delivery by Rs75 to Rs42,935 per kg. Silver coins, however, continued to be traded at previous level of Rs73,000 for buying and Rs74,000 for selling of 100 pieces.

Source: Mint February 18, 2017 11:43 UTC