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Indian silver falls

at close

BOMBAY: Silver opened on a weak note and extended losses towards the close on the back of improved arrivals after the customs department resumed sales of the confiscated metal, dealers said on Wednesday.

"Sluggish demand from industrial consumers at the higher level coupled with reports of a setback in the world market also triggered profit-taking by stockists," they said.

Gold opened lower but recovered lost ground partly towards the close on the back of renewed seasonal buying at the reduced level. Gold was up by 27 rupees per 10 grammes on Tuesday.

Prices of a gold biscuit (116.50 gramme) opened lower at 60,900 rupees each against the previous close of 61,100 rupees but recovered lost ground to conclude at 61,000 rupees each. Biscuit prices were up by 150 rupees each on Tuesday.-Reuter