INSUBCONTINENT EXCLUSIVE:
Globally, gold fell 0.19% to $1,297.50 an ounce in Singapore.New Delhi: Continuing its fall for the second straight day, gold prices drifted
down by another Rs 150 to Rs 31,800 per 10 gram at the bullion market today largely in tandem with a subdued trend overseas amid muted
demand from local jewellers, news agency Press Trust of India (PTI) reported
However, silver reclaimed the Rs 41,000-mark by spurting Rs 1,110 to Rs 41,560 due to increased offtake by industrial units and coin
Traders said sentiment in gold remained downbeat on the back of weak global cues where gold dropped, weighed down by a stronger dollar amid
encouraging signs of an historic US-North Korea summit in Singapore and a likely interest rate hike by the US Federal Reserve, eroding
Globally, gold fell 0.19 per cent to $1,297.50 an ounce in Singapore
31,400 per 10 gram from the past several weeks, taking cues from global markets with a negative bias," says, Mr
31,200 per 10 gram on a weekly basis.4
In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell further by Rs 150 each to Rs 31,800 and Rs 31,650 per 10 gram,
On the other hand, silver ready rallied by Rs 1,110 to Rs 41,560 per kg and weekly-based delivery by Rs 125 to Rs 40,660 per kg
Silver coins, however, continued to be traded at previous level of Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.(With PTI
