Comments
Gold prices on Thursday declined by ₹ 405 to ₹32,385 per 10 gram in the national capital on reduced buying by local jewellers, according to the All India Sarafa Association.
Silver too slumped by ₹104 to ₹38,246 per kg on subdued offtake by industrial units and coin makers.
Traders said gold fell due to decline in domestic demand. Besides, signs of positive global economic outlook reduced gold’s appeal as safe-haven, thus weighing on the sentiment.
Spot gold was trading at USD 1,276.10 an ounce, while silver stood steady at USD 15.10 an ounce in New York.
On Wednesday, Delhi bullion market was closed on account of Mahavir Jayanti.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity reduced by ₹405 and ₹395 to ₹32,385 and ₹32,225 per 10 gram, respectively.
Similarly sovereign gold fell by ₹100 at ₹26,300 per eight gram.
Silver ready dropped ₹104 to ₹38,246 per kg, while weekly-based delivery fell by ₹187 to ₹37,135 per kg.
Silver coins held flat at ₹80,000 for buying and ₹81,000 for selling of 100 pieces.
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.