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This is an archive article published on May 19, 1998
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Steep fall in silver pricesMUMBAI: Silver prices declined steeply by Rs 125 on the bullion market here today due to weak overseas advices co...
May 19, 1998 12:00 AM IST
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2 min read
Steep fall in silver prices
MUMBAI: Silver prices declined steeply by Rs 125 on the bullion market here today due to weak overseas advices coupled with fresh arrivals of raw silver. Gold also remained subdued in line with weak London advices. However, demand for both the precious metals was steady, dealers said. The fall in gold and silver prices was attributed to steep fall in the value of the rupee.
Ready silver of .999 fineness opened weak at Rs 7965 and declined further sharply to close at Rs 7925, showing a steep fall of Rs 125 over the last close of Rs 8050. Raw silver of .916 fineness fell by Rs 115 to Rs 7825 from Rs 7940 and tenderable silver declined to Rs 7930 from Rs 8055.
Standard gold lost Rs 10 at Rs 4140 as against the last close of Rs 4150. 22-carat gold was nominally quoted lower at Rs 3830 from Rs 3840 and ten tola gold bar of .999 purity fell by Rs 100 to end at Rs 48,600 from the last close of Rs 48,700.
IAA India chapter
MUMBAI: The International AdvertisingAssociation India Chapter has received the Golden Tulip award for the chapter which made 8220;the best overall contribution to achieving the IAA8217;s aims and objectives during the past two years.8221; The award was established by the Holland Chapter in 1973. Previous winners include Portugal, UK, Paraguay, Finland, Turkey, Lebanon, Mexico, Switzerland, the UAE and Hungary.
Janakalyan Bank
MUMBAI: Janakalyan Sahakari Bank which is celebrating its silver jubilee will be oppening a new branch at Fort, Mumbai on Tuesday. It is also planning to start a foreign business department which fully computerised.
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Railways offers 3 discount on RailOne App unreserved tickets via all digital payments
India28 min ago
In a move aimed at expanding digital adoption, the Railway Ministry will offer a 3 per cent discount on the purchase of unreserved tickets through the RailOne app when payments are made using any digital mode. The incentive will be available for a six-month period from January 14 to July 14, 2026.
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