Today's Paper Archive Classifieds Subscriptions RSS Feeds Site Map ePaper Mobile Apps Social
SEARCH

News

Updated: November 11, 2011 16:45 IST

Gold down by Rs 50 on sluggish demand

PTI
Share  ·   print   ·  

Both the precious metals, gold and silver, fell on Friday due to slackness in demand at prevailing higher levels. While gold lost Rs 50 to Rs 29,090 per 10 grams, silver dropped by Rs 950 to Rs 57,050 per kg on reduced offtake by industrial units and coins-makers.

Gold had climbed to an all-time high of Rs 29,140 on Wednesday.

Silver coins followed suit and plunged by Rs 2,000 to Rs 66,000 for buying and Rs 67,000 for selling of 100 pieces.

Traders said market sentiments were marred by the ’wait-and-watch’ policy adopted by retail customers for further fall in the metals’ prices.

Gold of 99.9 and 99.5 per cent purity declined by Rs 50 each to Rs 29,090 and Rs 28,950 per 10 grams.

Sovereigns tumbled by Rs 700 to Rs 22,450 per piece of eight grams.

Similarly, silver ready dropped by Rs 950 to Rs 57,050 per kg and weekly-based delivery by Rs 945 to Rs 56,925 per kg.

Keywords: bullion prices

More In: News | Business | Markets

Social


Please remember to logout of facebook after you complete this session.

O
P
E
N

close

Recent Article in News

Picture shows daughter of Nepalese mountaineer Ang Kaji Sherpa, killed in an avalanche on Mount Everest after her father's body is brought to the Sherpa Monastery in Kathmandu on Sunday.

Discovery network cancels Everest jump

The channel's daredevil’s jump has been cancelled following the avalanche that killed at least 13 people on Friday. »