Gold Prices Fall For Five Straight Days: 5 Things To Know

INSUBCONTINENT EXCLUSIVE:
Sovereign gold, however, remained unaltered at Rs 24,800 per piece of eight gram.New Delhi: Gold shed Rs 140 to Rs 31,210 per ten gram on
Thursday in line with a subdued trend overseas and muted demand from local jewellers, reported news agency Press Trust of India (PTI)
Silver followed suit and slipped by Rs 470 to Rs 40,030 per kg owing to reduced offtake by industrial units and coin makers
Marketmen said apart from a weak global trend, falling demand from local jewellers and retailers at domestic spot market kept the precious
In international markets spot gold was steady at $1,243.10 an ounce in recent trade
The yellow metal slipped 1 per cent and hit an over one-week low at $1,240.89 on Wednesday
US gold futures for August delivery were 0.1 per cent lower at $1,243.60 an ounce, reported news agnecy Reuters.2
In Delhi, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 140 each to Rs 31,210 and Rs 31,060 per ten gram, respectively