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Gold price in India rises to Rs 22,290, silver price down at Rs 51,500

Buying activity gathered momentum in gold after the metal gained $4.65 to $1,502.70 an ounce in overseas market, as concerns about Greece's debt crisis spurred the demand for the metal as a protection of wealth.

twitter-logoPTI | June 28, 2011 | Updated 19:51 IST

A divergent trend was witnessed at the bullion market on Tuesday as gold recovered by Rs 55 to Rs 22,290 per 10 grams on fresh buying at existing low levels, while silver lost Rs 100 to Rs 51,500 per kg on emergence of selling.

Read: Should you buy gold or silver?

Buying activity gathered momentum in gold after the metal gained $4.65 to $1,502.70 an ounce in overseas market, as concerns about Greece's debt crisis spurred the demand for the metal as a protection of wealth.

On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 55 each to Rs 22,290 and Rs 22,170 per 10 grams, respectively.

Sovereigns held steady at Rs 18,600 per piece of eight grams.

On the other hand, silver ready declined by Rs 100 to Rs 51,500 per kg and weekly-based delivery shed Rs 20 to Rs 50,680 per kg.

Silver coins remained unaltered at Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces.



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