INSUBCONTINENT EXCLUSIVE:
Sovereign gold also slipped by Rs 100 to Rs 24,700 per piece of eight grams.Gold prices drifted further lower by Rs 95 to Rs 31,115 per 10
grams at the bullion market on Friday, extending its fall for the fourth straight day, tracking a weak global trend amid fall in demand from
local jewellers, reported news agency Press Trust of India
However, silver held steady at Rs 40,030 per kg in scattered deals
Traders said sentiment remained bearish on the back of subdued global trend, as the dollar extended gains from the previous session when US
fell to a five-month low, but buyers in other major centres in Asia awaited a bigger correction before placing orders, said traders and
analysts, reported Reuters
Prices need to fall to 28,000 rupees to bring back investors," said Bachhraj Bamalwa, a bullion dealer based in the eastern city of
Kolkata.Here are key things to know about gold and silver prices today:1
Globally, gold fell 0.47 per cent to $1,241.10 an ounce and silver 0.66 per cent at $16.82 an ounce in Singapore
In Delhi, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 95 each to Rs 31,115 an Rs 30,965 per 10 grams, respectively
It had lost Rs 440 in last three days.3
Silver coins, however, lacked necessary buying supports and plunged by Rs 1,000 to Rs 74,000 for buying and Rs 75,000 for selling of 100
21-month high, curtailing demand
Trade deficit -- the amount by which the cost of a country's imports exceeds the value of its exports -- data for the month of June is due
later today.Imports in July could rise to 60 tonnes if prices remain at current levels, the dealer at the private bank said.(With PTI and
