BOMBAY (PTI): Silver suffered a sharp setback while gold ruled steadier on the local bullion market here Sept.30.
The white metal dropped sharply owing to increased stockists offerings induced by heavy arrivals through imports. Demand was low as the festival season came to an end, The downtrend was also aided by weak upcountry advices.
Gold edged up on stray buying support.
Silver ready .999 fineness dropped toRs.5843 from Rs. 5980, raw silver .916 fineness declined to Rs.5761 from Rs.5805 and tenderable silver softened to Rs.5848 from Rs,5895 previously.
Standard gold edged up to Rs.4388 from Rs.4384 and 22carat gold was nominally quoted higher at Rs.4022 from Rs.4019 previously.
Article extracted from this publication >> October 8, 1993
