Gold prices fall by Rs 290 to Rs 30,310 per ten grams
Quotes

Gold prices fall by Rs 290 to Rs 30,310 per ten grams

Last Updated: Friday, October 4, 2013, 16:02
 
 Comment 0
 
Gold prices fall by Rs 290 to Rs 30,310 per ten grams
New Delhi: Gold prices fell by Rs 290 to Rs 30,310 per ten grams in the national capital Friday owing to slackened demand amid strengthening of the rupee against the US dollar.

Silver also tumbled by Rs 1,030 to Rs 48,220 per kg in continuation of a loss of Rs 430 in last three sessions on reduced offtake by industrial units.

Traders said slackened demand at current levels amid strengthening rupee against the dollar, which makes the import of gold cheaper, mainly pulled down gold prices.

Reduced offtake by industrial offtake kept pressure on silver prices, they said.

On the domestic front, gold of 99.9 and 99.5 percent purity plunged by Rs 290 each to Rs 30,310 and Rs 30,110 per ten grams, respectively. It had gained Rs 220 yesterday.

Sovereign followed suit and declined by Rs 100 to Rs 25,000 per piece of eight gram.

In line with a general weak trend, silver ready tumbled by Rs 1,030 to Rs 48,220 per kg and weekly-based delivery by Rs 560 to Rs 48,440 per kg.

However, silver coins continued to be asked at last level of Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.

PTI



First Published: Friday, October 4, 2013, 16:00


Comments


comments powered by Disqus
G20 Summit 2014
G20 Summit 2014
2014`s Top People in Business: Fortune
2014`s Top People in Business: Fortune
World Bank`s Top 10 Places for Business
World Bank`s Top 10 Places for Business
India`s top ten billionaires
India`s top ten billionaires
Top 10 billionaire cities- In Pics
Top 10 billionaire cities- In Pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved