Gold Slumps By Rs 300 On Weak Global Cues, Low Demand

INSUBCONTINENT EXCLUSIVE:
Silver also fell by Rs 100 to Rs 40,500 per kg.New Delhi: Gold prices fell by Rs 300 to Rs 31,600 per ten grams, extending their slide for
the third consecutive day at the bullion market on Saturday, tracking a weak trend overseas amid fall in demand from local jewellers
Traders said sentiment remained downbeat on the back of a weak global trend where gold fell after stronger than forecast US payrolls data
In the national capital, gold of 99.9 per cent and 99.5 per cent purity slumped further by Rs 300 each to Rs 31,600 and Rs 31,450 per ten
grams, respectively
Sovereign, however, remained unaltered at Rs 24,800 per piece of eight grams
In sync with gold, silver ready declined by Rs 100 to Rs 40,500 per kg and weekly-based delivery by Rs 145 to Rs 39,535 per kg.5.On the
other hand, silver coins continued to be traded at the previous level of Rs 76,000 for buying and Rs 77,000 for selling of 100
pieces.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)