Press Esc to close
Sunday 22 January 2017
News updated at 2:48 AM IST
Weather
Max: 28.9°C
Min : 15.3°C
In Bengaluru
Sunny day

Gold slides for fourth day on lower demand, global cues

New Delhi, Sept 14, 2013 (PTI)
File Photo.
Gold prices fell for the fourth straight day in the national capital today by falling Rs 450 to Rs 30,300 per ten grams on sustained selling amid a weak global trend.

However, silver recovered by Rs 450 to Rs 50,750 per kg on increased offtake by industrial units.

Traders said continued selling by stockists driven by sluggish demand and a weak global trend mainly kept pressure on gold prices.

Gold in New York, which normally set price trend on the domestic front, fell by 1.7 per cent to USD 1,308.60.

On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 450 each to Rs 30,300 and Rs 30,100 per ten grams, respectively. The yellow metal had lost Rs 620 in last three sessions.

Sovereign held steady at Rs 25,000 per piece of eight grams in restricted buying.

On the other hand, silver ready recovered by Rs 450 to Rs 50,750 per kg and weekly-based delivery by Rs 410 to Rs 50,500 per kg. The white metal had lost Rs 4,000 in the previous four sessions.

Silver coins continued to be asked around previous level of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

 

Go to Top

Photo Gallery
Youngstres and Students during the protest to Lift ban on jallikattu and impose ban on PETA...

Youngstres and Students during the protest to Lift ban on jallikattu and impose ban on PETA...

Hot air balloons fly during the 39th International Hot Air Balloon Week in Switzerland...

Hot air balloons fly during the 39th International Hot Air Balloon Week in Switzerland...

An Iranian firefighter removes debris of the Plasco building which was engulfed by a fire...

An Iranian firefighter removes debris of the Plasco building which was engulfed by a fire...

Indian film director and classical dancer, Aishwarya Rajinikanth Dhanush at the Jaipur...

Indian film director and classical dancer, Aishwarya Rajinikanth Dhanush at the Jaipur...

The cast of Kung Fu Yoga, from left, Miya Muqi, Disha Patani, Jackie Chan, Amyra Dastur...

The cast of Kung Fu Yoga, from left, Miya Muqi, Disha Patani, Jackie Chan, Amyra Dastur...

Women take part in the #IWillGoOut rally, to show solidarity with the Women's March in Washington...

Women take part in the #IWillGoOut rally, to show solidarity with the Women's March in Washington...

Archaeological Survey of India workers conducting restoration work at Taj Mahal in Agra...

Archaeological Survey of India workers conducting restoration work at Taj Mahal in Agra...

Military Police Daredevils perform during a rehearsal for the Republic Day parade at Rajpath...

Military Police Daredevils perform during a rehearsal for the Republic Day parade at Rajpath...

An Olive-backed Sunbird feeds its two babies insects in their nest in Klang, Selangor, Malaysia...

An Olive-backed Sunbird feeds its two babies insects in their nest in Klang, Selangor, Malaysia...

Winner of Oriflame Face of North-East-2017 Michelle Kynta (M), 1st runner up Anjusha Saikia...

Winner of Oriflame Face of North-East-2017 Michelle Kynta (M), 1st runner up Anjusha Saikia...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523