Silver up Rs 600 to Rs 39,350 per kg, gold remains consistent

New Delhi, Jul 22 Silver surged by Rs 600 to Rs 39,350 per kg at the bullion market today, to a great extent in a state of harmony with a firm pattern abroad and expanded offtake by industrial units.

Gold, be that as it may, held steady at Rs 29,150 per ten gram in scattered arrangements.

Merchants ascribed the spike in silver costs to positive worldwide signs and get popular from modern units at the residential spot showcase.

All around, the white metal rose by 1.20 for every penny to USD 16.50 an ounce and gold by 0.84 for each penny to USD 1,254.50 an ounce in New York in yesterday's trade.

In the national capital, silver ready surged by Rs 600 to Rs 39,350 per kg while week by week based delivery traded up by Rs 335 to Rs 38,150 per kg. Recently, silver prepared rose by Rs 250 to close at Rs 38,750 per kg.

Silver coins, nonetheless, stayed unaltered Rs 71,000 for purchasing and Rs 72,000 for offering of 100 pieces.

Then again, gold of 99.9 for each penny and 99.5 for every penny virtue led unfaltering at Rs 29,150 and Rs 29,000 per ten gram, respectively. The precious metal had gained up Rs 100 yesterday.

Sovereign too traded at past level of Rs 24,400 for each eight gram.