Live
- Top pharma companies to invest Rs 5,260 cr, create 12,490 jobs in TG
- MIR Group to invest Rs 1500 cr in Mangalore SEZ
- Shivamogga farmers in panic after areca nut’s likely carcinogenic risk
- Union Minister tenders apology for remarks on Justice D’Cunha
- Indian value systems withstood many onslaughts: TG Guv
- Golden Chariot luxury train to resume operations from Dec 14
- Jain monk Shri 108 Jnaneshwar Muni attains samadhi at Devlapur
- Home minister flags off sports tournament of journalists
- Collector reviews development, welfare programmes in Kalasapadu mandal
- Run for men’s health issues on Nov 23, 24
Gold logs first loss in 4 days; silver slips too
Snapping a threeday gaining streak, gold prices Wednesday fell by Rs 110 to close at Rs 32,540 per 10 gram at the bullion market in the national capital on lacklustre demand from local jewellers and weak global cues
New Delhi:Snapping a three-day gaining streak, gold prices Wednesday fell by Rs 110 to close at Rs 32,540 per 10 gram at the bullion market in the national capital on lacklustre demand from local jewellers and weak global cues.
Silver rates were also down by Rs 25 to Rs 38,550 per kg on weak demand from coin makers and industrial units.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 110 each to 32,540 and Rs 32,390 per 10 gram, respectively.
The precious metal gained Rs 550 in the three previous sessions.
Traders attributed the fall in prices to weaker demand from local jewellers and negative global cues.
Sovereign gold, however, held steady at Rs 25,000 per piece of 8 gram.
Globally, gold traded lower at USD 1,242.08 an ounce in New York, while silver held steady at USD 14.57 an ounce.
Silver ready fell by Rs 25 to Rs 38,550 per kg, while weekly-based delivery was marginally up by Rs 22 to Rs 38,181 per kg.
Silver coins, however, remained unchanged at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces.
