Comments
Gold prices slipped at the bullion market here on Monday on poor offtake from stockists and investors as well as subdued local buying interest at existing levels.
Silver also declined following speculative selling amid lower industrial buying.
Standard gold (99.5 purity) dropped by Rs 260 to close at Rs 31,090 per 10 gm from last Friday’s closing level of Rs 31,350.
Pure gold (99.9 purity) dipped Rs 275 to end at Rs 31,225 per 10 gm from Rs 31,500.
Silver ready (.999 fineness) slid by Rs 335 per kg to conclude at Rs 61,805 as against Rs 62,140 previously.
In Europe, gold declined on investors profit-selling after its strongest quarterly gain amid caution ahead of US employment report later this week.
Spot gold bid lower at $1,767.89 an ounce in early trade, while spot silver was bid down at $34.37 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.