New Delhi: Gold prices held steady at Rs 29,440 per 10 gram on Monday, while silver edged up by Rs 60 to Rs 56,460 per kg on industrial demand.
The market remained steady in the absence of any worthwhile moving factors, as stockists and jewelers refrained from enlarging their positions.
Despite the ongoing marriage season, jewelers and retail customers adopted 'wait-and-watch' policy on hopes of a correction in the gold prices that are trading at record levels.
Gold of 99.9 and 99.5 percent purity held steady at Rs 29,440 and Rs 29,300 per 10 grams, respectively. Sovereigns also traded at last level of Rs 23, 3500 per piece of eight grams.
On the other hand, silver ready rose by Rs 60 to Rs 56,460 per kg on small purchases by industrial units. Silver weekly-based delivery also moved up by Rs 170 to Rs 57,360 per kg.
However, silver coins fell by Rs 1,000 to Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces on lack of support at such costly levels.