Gold, silver down on sluggish demand

February 19, 2013 04:28 pm | Updated November 16, 2021 12:17 pm IST - New Delhi

Both the precious metals, gold and silver, fell on Tuesday due to sluggish demand and reduced offtake by industrial units and coin makers.

While gold fell by Rs 15 to Rs 30,400 per 10 grams, silver lost Rs 150 to Rs 56,700 per kg.

Traders said sluggish demand from retailers mainly pulled down gold prices, while reduced off take by industrial units and coin makers kept pressure on silver prices.

Gold of 99.9 and 99.5 per cent purity declined by Rs 15 each to Rs 30,400 and Rs 30,200 per 10 grams, respectively.

Sovereigns, however, held steady at Rs 25,300 per piece of eight grams.

In line with a general weak trend, silver ready declined by Rs 150 to Rs 56,700 per kg and weekly-based delivery by Rs 160 to Rs 56,240 per kg.

Silver coins held steady at Rs 79,000 for buying and Rs 80,000 for selling of 100 pieces.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.