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Bullion remains down on global cues

Bullion remains down on global cues
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First Published: Fri, Aug 10 2007. 03 37 PM IST
Updated: Fri, Aug 10 2007. 03 37 PM IST
PTI
New Delhi: Weak conditions prevailed for the second day on 10 August on the wholesale bullion market, with prices of gold and silver declining further on stockists selling, triggered by weak Asian markets.
Gold lost Rs25 at Rs8,880 per ten gram while silver lost Rs290 at Rs17,400 a kilo.
Trading sentiments remained weak largely in tandem with subdued trends in Asian markets, where gold dropped to $663.10-663.60 an ounce from the previous finish of $673.00-673.50.
Standard gold and ornaments were down by Rs25 each at Rs8,880 and Rs8,730 per ten gram respectively while sovereign held unchanged at Rs7600 per piece of 8 gram.
Similar sentiment extended to the silver ready which fell by Rs290 at Rs17,400 per kilo.
Silver weekly-based delivery dropped by Rs80 at Rs17,600 per kilo. Silver coins were down by Rs100 at Rs23,500 for buying and Rs23,600 for selling of 100 pieces.
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First Published: Fri, Aug 10 2007. 03 37 PM IST