Comments
Gold prices declined modestly at the domestic bullion market on Thursday due to reduced off—take from stockists and retail investors at the existing levels amid sluggish global sentiment.
On the other hand, silver continued its strong rally and recaptured the important Rs 52,000 per kg level owing to sustained speculative as well as industrial demand.
Standard gold of 99.5 per cent purity slipped by Rs 65 to conclude at Rs 31,375 per 10 gm from Wednesday’s closing level of Rs 31,440.
Pure gold of 99.9 per cent purity lost Rs 55 to finish at Rs 31,530 per 10 gm from Rs 31,585.
Silver ready (.999 fineness) shot up by Rs 450 to end at Rs 52,410 per kg as against Rs 51,960 yesterday.
Globally, the yellow metal fell for the second day on strong dollar amid uncertainty over the US Fed pulling back its stimulus measures.
Gold for December delivery eased $2.50 to settle at $1,370.10 an ounce on the Comex division of the NYMEX late yesterday.
Silver September contract also edged lower to close at $22.96 an ounce.
Comments
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.