Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Market / Stock-market-news/  Gold falls on sluggish demand, global cues
BackBack

Gold falls on sluggish demand, global cues

Gold of 99.9 and 99.5% purity declined by Rs20 each to Rs30,230 and Rs30,030 per 10 gram respectively

Gold in New York, which normally set price trend on the domestic front, fell by 0.7% to $1,293.90% and silver by 0.2% to 19.59 dollar an ounce. Photo: AFPPremium
Gold in New York, which normally set price trend on the domestic front, fell by 0.7% to $1,293.90% and silver by 0.2% to 19.59 dollar an ounce. Photo: AFP

New Delhi: Snapping a two-day rising trend, gold prices fell by 20 to 30,230 per ten gram in New Delhi bullion markets on Friday owing to slackened demand at prevailing higher levels amid weak global cues.

Silver also declined by 200 to 43,000 per kg on lack of buying support from industrial units.

Traders said besides sluggish demand at prevailing higher levels, weak global trend due to eroding of demand for the metal on signs of gains in the US economy, mainly influenced the sentiment.

Gold in New York, which normally set price trend on the domestic front, fell by 0.7% to $1,293.90% and silver by 0.2% to 19.59 dollar an ounce.

On the domestic front, gold of 99.9 and 99.5% purity declined by 20 each to 30,230 and 30,030 per 10 gram respectively. It had gained 250 in last two trade. Sovereign remained flat at 25,000 per piece of eight gram.

Silver ready lost 200 at 43,000 per kg while weekly- based delivery rose by 135 to 42,375 per kg.

Silver coins spurted by 1,000 to 82,000 for buying and 83,000 for selling of 100 pieces.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 18 Apr 2014, 04:04 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App