Gold falls on subdued demand, weak global trend

Gold falls on subdued demand, weak global trend
PTI
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First Published: Sat, Aug 08 2009. 04 39 PM IST
Updated: Sat, Aug 08 2009. 04 39 PM IST
New Delhi: Gold prices declined by Rs45 to Rs15,095 per ten gram in the national capital today on reduced offtake at existing higher levels amid a weakening global trend.
However, silver recovered on increased offtake by jewellery makers ahead of the festive season.
Marketmen said fall in demand at higher levels and report of weakening global trend mainly led to fall in gold prices.
Standard gold and ornaments fell by Rs45 each to Rs15,095 and Rs14,945 per ten gram respectively. Sovereign remained flat at Rs12,500 per piece of eight gram.
On the other hand, silver ready prices recovered by Rs50 to Rs23,250 per kg and weekly-based delivery by Rs75 to Rs23,395 per kg while silver coins lost Rs100 at Rs29,600 for buying and Rs29,700 for selling of 100 pieces on fresh arrivals.
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First Published: Sat, Aug 08 2009. 04 39 PM IST
More Topics: Gold | Demand | Global trend | Ornaments | Price |