Gold price slides on sluggish demand,silver eases

Gold prices dropped at the domestic bullion market here today due to sluggish demand at higher levels as also profit-taking by stockists and investors.

Silver also eased on modest selling by speculators amid lower industrial offtake.

Standard gold (99.5 purity) went down by Rs 165 to conclude at Rs 28,895 per 10 gms from overnight closing level of Rs 29,060.

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Pure gold (99.9 purity) also went down by a similar margin of Rs 165 to close at Rs 29,030 per 10 gms,as against the previous closing of Rs 29,195.

Silver ready (.999 fineness) moved down by Rs 60 per kg to settle at Rs 54,360 against Rs 54,420 yesterday.

Meanwhile,gold rebounded in European markets today in early trades after four session slide on the back of strengthening euro,though ongoing worries over Greece’s exit from euro zone have made investors cautious.

Spot gold was bid higher at USD 1,563.71 an ounce in early trade,while silver held almost steady at USD 28.28 an ounce.

The RJD’s key face and Leader of the Opposition (LoP) Tejashwi Yadav, party supremo Lalu Yadav’s son, will again contest from his stronghold Raghopur.

Amid Mahagathbandhan crisis, RJD unveils list of 143, drops 36 MLAs, focuses on ‘M-Y’

Political Pulse2 hr ago

The RJD, lead player of the Mahagathbandhan, released its full list of 143 candidates for the November Bihar Assembly elections. Its key face Tejashwi Yadav will contest from Raghopur, and 41 sitting MLAs have been renominated. The party has dropped 36 sitting MLAs and fielded young leaders, signaling a bid to consolidate its core Muslim-Yadav vote base. The Congress has fielded 60 candidates.

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