Comments
Gold prices today dropped to below Rs 30,000 per 10 grams mark at the bullion market here on heavy selling from speculators and large investors amid global uncertainty ahead of US Fed policy meet outcome.
Silver continued its slide for the fourth straight session on the back of offloading by stockists as well as subdued industrial demand.
Standard gold (99.5 purity) slumped by Rs 155 to end at Rs 29,930 per 10 grams from overnight close of Rs 30,085.
Pure gold (99.9 purity) also fell by Rs 155 to settle at Rs 30,080 per 10 grams from Rs 30,235 yesterday.
Silver (.999 fineness) tanked by Rs 300 to end at Rs 42,840 per kg from Tuesday’s level of Rs 43,140.
Globally, the yellow metal edged lower in listless trade as cautious investors awaited the US Federal Reserve policy statement as well as key economic data.
Spot gold was bid down at $1,293.21 an ounce in early European trade.
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.