close
This ad will auto close in 10 seconds

Gold price extends losses, sheds Rs 85 to Rs 29,165 per 10 grams

Gold prices fell by Rs 85 to Rs 29,165 per 10 grams at the bullion market Thursday, tracking a weak trend overseas amid muted demand from local jewellers.


Gold price extends losses, sheds Rs 85 to Rs 29,165 per 10 grams

New Delhi: Gold prices fell by Rs 85 to Rs 29,165 per 10 grams at the bullion market Thursday, tracking a weak trend overseas amid muted demand from local jewellers.

However, silver held steady at Rs 39,100 per kg on scattered enquiries from consuming industries.

Traders said apart from weak global cues, a fall in demand from local jewellers at domestic spot market mainly kept gold prices lower.

Globally, gold fell 0.47 percent to USD 1,260.10 an ounce in New York in yesterday's trade.

In the national capital, gold of 99.9 percent and 99.5 percent purity declined further by Rs 85 each to Rs 29,165 and Rs 29,015 per 10 grams, respectively. The precious metal had lost Rs 70 yesterday.

Sovereign, however, remained unaltered at Rs 24,400 per piece of eight grams.

On the other hand, silver ready ruled flat at Rs 39,100 per kg, while weekly-based delivery edged up by Rs 15 to Rs 38,965 per kg.

However, silver coins continued to be traded at previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.

From Zee News

0 Comment - Join the Discussions