Comments
Gold prices fell back at the local bullion market following fresh bout of selling by stockists and speculative traders on global commodity slump.
Silver also plummeted on the back of sluggish industrial demand.
Standard gold (99.5 purity) declined by Rs 175 to end at Rs 27,035 per 10 grams compared with Tuesday’s closing level of Rs 27,210.
Pure gold (99.9 purity) shed by Rs 170 to finish at Rs 27,185 per 10 grams from Rs 27,355.
Silver (.999 fineness) went down by Rs 360 to conclude at Rs 37,800 as against Rs 38,160 yesterday.
On the global front, the yellow—metal traded almost flat after highly volatile trade amid investors caution triggered by a rout in other commodities such as oil and copper.
Spot gold was little changed at $1,230.00 an ounce in early European trading.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.