Gold prices drops on mute demand,silver recovers

Pure gold of 99.9 per cent purity dipped by Rs 140 to end at Rs 28,440 per 10 gm from Rs 28,580.

Gold prices dropped further at the domestic bullion market today on sustained profit-taking by stockists and traders as well as dull local demand at the prevailing levels

It was also triggered by bearish global trend.

Silver rebounded following good speculative off-take amid industrial demand.

Standard gold of 99.5 per cent purity fell by Rs 165 to finish at Rs 28,305 per 10 gm from Monday’s closing level of Rs 28,470.

Pure gold of 99.9 per cent purity dipped by Rs 140 to end at Rs 28,440 per 10 gm from Rs 28,580.

Story continues below this ad

However,silver ready (.999 fineness) climbed by Rs 115 to conclude at Rs 42,515 per kg from Rs 42,400 previously.

Globally,gold slid one per cent to fall below the psychological USD 1,300 an ounce,on positive US and European economic data coupled with steady dollar diminishing the metals safe haven appeal.

In London,spot gold bid lower at USD 1,287.44 an ounce in early trade,However,silver bid up at USD 19.70 an ounce.

Military Digest | Truckers, villagers and NCC cadets who fought 1965 Indo-Pak war

Cities3 hr ago

Punjab, 60 years after the 1965 war, is now facing a new battle against floods. The villagers are displaying the same fighting spirit as they did during the war. The unsung heroes from the war, including truck drivers, civilians, NCC cadets, and a railwayman, played a vital role in defending the country.

View all shorts

Live Blog