Home > market > stock-market-news > Gold falls by Rs130 on global cues, sluggish demand

New Delhi: Gold prices fell by Rs130 to Rs26,320 per 10 grams in Delhi bullion market on Thursday amid a weak trend in precious metals at global markets and subdued domestic demand.

Traders said besides weak global trend where gold dropped to a three-month low of $1,147.72 as strengthening dollar cut demand for the precious metals as an alternative, mainly kept pressure on gold prices. Globally, silver also fell by 0.99% to $15.47 an ounce in Wednesday’s trade.

In the national capital, gold of 99.9 and 99.5% purity fell by Rs130 each to Rs26,320 and Rs26,120 per 10 grams, respectively. It had edged up by Rs20 on Wednesday. Sovereign, however, continued to be asked at last level of Rs23,600 per piece of eight gram.

In a similar fashion, silver ready dropped by Rs320 to Rs35,780 per kg and weekly-based delivery by Rs510 to Rs35,275 per kg. On the other hand, silver coins remained unchanged at Rs56,000 for buying and Rs57,000 for selling of 100 pieces.

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