Press Esc to close
Friday 24 October 2014
News updated at 2:31 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
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
Hindu priest performs evening prayers called 'Aarti' on the banks of the river Yamuna...

Hindu priest performs evening prayers called 'Aarti' on the banks of the river Yamuna...

Dakshineswar Temple decorated with lights for the Kali Puja and Diwali at North 24 Pargana...

Dakshineswar Temple decorated with lights for the Kali Puja and Diwali at North 24 Pargana...

Firecrackers light up the sky as people celebrate Diwali festival in Mumbai...

Firecrackers light up the sky as people celebrate Diwali festival in Mumbai...

School students lighting earhen lamps at Tulsi Ghat in Varanasi...

School students lighting earhen lamps at Tulsi Ghat in Varanasi...

A view of decorated Madan Mohan Malviya Stadium with oil lamps during Deepwali festival...

A view of decorated Madan Mohan Malviya Stadium with oil lamps during Deepwali festival...

Illuminated Golden Temple on the eve of Diwali in Amritsar...

Illuminated Golden Temple on the eve of Diwali in Amritsar...

Children with special needs light firecrackers as they celebrate Diwali...

Children with special needs light firecrackers as they celebrate Diwali...

Border Security Force (BSF) soldiers enjoy Diwali celebrations on the eve of Diwali...

Border Security Force (BSF) soldiers enjoy Diwali celebrations on the eve of Diwali...

Hindu priests light oil lamps in a formation of the 'Swastika', a Hindu symbol of peace...

Hindu priests light oil lamps in a formation of the 'Swastika', a Hindu symbol of peace...

A Border Security Force (BSF) soldier lights sparklers on the eve of Diwali...

A Border Security Force (BSF) soldier lights sparklers on the eve of Diwali...

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