10:04 am - Wednesday November 11, 2015

Gold, silver extend losses on global cues, sluggish demand

222 Viewed Gautam Comments Off on Gold, silver extend losses on global cues, sluggish demand
gold3

Gold remained under pressure for the second straight day and declined by Rs 100 to Rs 28,100 per 10 grams in the national capital on Friday on weak cues from global markets and subdued demand from jewellers.

Silver followed suit and lost Rs 600 to Rs 44,400 per kg.

Traders said a weakening global trend as the outlook for improving economic growth and strengthening of the dollar curbed demand for the precious metal as a safe-haven mainly kept pressure on gold and silver prices.

Gold in Singapore, which normally sets price trend on the domestic front, fell 0.2 per cent to USD 1,291.64 an ounce.

In Delhi, gold of 99.9 and 99.5 per cent purity fell further by Rs 100 each to Rs 28,100 and Rs 27,900 per 10 grams, respectively. It had lost Rs 160 on Thursday.

Sovereign also declined by Rs 200 to Rs 24,700 per piece of eight grams.

In a similar fashion, silver ready dropped by Rs 600 to Rs 44,400 per kg and weekly-based delivery by Rs 620 to Rs 44,015 per kg. The white metal had lost Rs 400 in the previous session.

Silver coins also tumbled by Rs 2,000 to Rs 78,000 for buying and Rs 79,000 for selling of 100 pieces.

Click here to submit your review.


Submit your review
* Required Field

Don't miss the stories followIndiaVision News and Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Gold, silver prices rise on brisk buying, global cues

Gold, silver recover on fresh demand

Inside The Istanbul Gold Refinery As Gold Price Advances

Gold prices recover marginally; silver remains higher

Related posts