Comments
Gold prices continued its dive for the seven-straight session to hit multi—month lows at the domestic bullion market here today due to consistent selling by speculators amid lack of local buying interest.
Silver also fell back owing to speculative unwinding coupled with reduced industrial offtake.
Standard gold (99.5 purity) dropped by Rs 100 to end at Rs 27,590 per 10 grams from overnight closing level of Rs 27,690.
Pure gold (99.9 purity) also fell by a similar margin to finish at Rs 27,740 per 10 grams from Rs 27,840.
Silver (.999 fineness) slumped by Rs 320 to conclude at Rs 41,540 per kg as compared to Rs 41,860 yesterday.
Meanwhile, globally, the yellow—metal recouped some of its recent losses on bargain hunting supported by geopolitical tensions in Ukraine.
Gold for June delivery climbed to $1,295 an ounce on the Comex division of the NYMEX late yesterday, while silver July contract also gained to settle at $19.52 an ounce.
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.