Silver extended losses for the second straight day, gold steady on Saturday

Silver extended losses for the second straight day on Saturday losing Rs 400 to trade at Rs 52,000 per kg while gold remained flat at Rs 27,840 per 10 grams at the bullion market here.

Traders said sustained selling by stockists in tandem with a weakening global trend mainly kept pressure on the silver prices.

Reduced offtake by industrial units and coin makers further fuelled the downtrend in silver, they said.

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Posted by Silver Guru on Jan 14 2012. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry