Gold, Silver Prices Slide On Global Worries
Globally, gold prices fell, under pressure from a stronger dollar ahead of an annual meeting of central bankers this week, while speculative buying pushed palladium to its highest since February 2001.
Photo Credit : Reuters,
Continuing downward spiral for the second straight session, gold prices stayed soft as it fell by Rs 45 per 10 grams today, reflecting a weak trend overseas amid muted demand from jewellers.
Silver also dropped on reduced offtake by industrial units.
Standard gold (99.5 purity) fell up by Rs 45 to end at Rs 28,930 per 10 grams from its Monday's level of Rs 28,975.
Pure gold (99.9 purity) also eased by a similar margin to close at Rs 29,080 per 10 grams against Rs 29,125, previously.
Silver (.999 fineness) declined by Rs 75 per kg to finish at Rs 38,870 as compared to Rs 38,945.
Globally, gold prices fell, under pressure from a stronger dollar ahead of an annual meeting of central bankers this week, while speculative buying pushed palladium to its highest since February 2001.
Spot gold was down 0.4 per cent at USD 1,285.21 an ounce in early trade.
Silver fell 0.1 per cent to USD 16.95 an ounce.
(PTI)