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Gold falls by Rs30 on weak global cues

Gold falls by Rs30 on weak global cues
PTI
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First Published: Mon, Jan 19 2009. 05 06 PM IST
Updated: Mon, Jan 19 2009. 05 06 PM IST
New Delhi: Gold prices fell by Rs30 to close at Rs13,370 per ten gram in the bullion market on Monday on emergence of selling by stockists at existing higher levels influenced by weakening trend in global market.
Selling pressure gathered momentum after the gold in overseas markets fell by nearly six dollar to $834 an ounce.
An off marriage and festival season was another dampening factor for the gold while silver held unchanged in scattered small deals.
Stanndard gold and ornaments moved down by Rs30 to Rs13,370 and Rs220 per ten gram while sovereign ruled flat at Rs10,750 per piece of eight gram.
In a similar manner, silver weekly-based delivery dropped by Rs110 to Rs18,250 per kg while silver ready ready held steady at Rs18,350 per kg.
Silver coins also declined by Rs100 to Rs26,900 for buying and Rs27,000 for selling of 100 pieces.
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First Published: Mon, Jan 19 2009. 05 06 PM IST
More Topics: Bullion | Gold | Commodity | Dollar | Price |