Gold continues slide on falling demand,global sell-off
Silver too plummeted on the back of heavy speculative unwinding coupled with lower industrial demand.
Written by Press Trust Of India
Mumbai |
1 min read
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Gold prices slumped further at the domestic bullion market on Saturday due to consistent selling by stockists as well as subdued investment offtake amid bearish overseas sentiment.
Silver too plummeted on the back of heavy speculative unwinding coupled with lower industrial demand.
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Standard gold of 99.5 per cent purity dropped by Rs 260 to conclude at Rs 30,000 per 10 gm from Fridays closing level of Rs 30,260. Pure gold of 99.9 per cent purity shed Rs 260 to end at Rs 30,145 per 10 gm.
Silver .999 fineness plunged by Rs 1,320 to Rs 50,275 per kg from its overnight close of Rs 51,595.
