Press Esc to close
Saturday 25 October 2014
News updated at 7:54 PM IST
Weather
Max: 27°C
Min : 19.2°C
In Bangalore
Generally cloudy

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
Mrs. Komal Kalra Pagarani who is all set to represent India...

Mrs. Komal Kalra Pagarani who is all set to represent India...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

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