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July 21, Saturday 2018 7:18 PM       

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       BUSINESS Next Article: India has enough fire to deal with rupee volatility: Finmin  
       Gold falls on lacklustre demand
 
         Posted on :21:06:21 Jun 30, 2018
   
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       Last edited on:21:06:21 Jun 30, 2018
         Tags: Gold, lacklustre demand
 
New Delhi: Gold fell by Rs 60 to Rs 31,420 per 10 gram at the bullion market today on sluggish demand from local jewellers despite a firm trend overseas.
 
However, silver held steady at Rs 40,600 per kg on scattered enquiries from industrial units and coin makers.
 
Marketmen attributed the fall in gold prices to muted demand from jewellers and retailers at domestic spot market, but a positive global trend capped the fall.
 
Globally, gold edged higher 0.35 per cent to USD 1,252.50 an ounce and silver by 0.72 per cent to USD 16.09 an ounce in New York in yesterday's trade.
 
In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell further by Rs 60 to Rs 31,420 and Rs 31,270 per 10 gram, respectively. The yellow metal had lost Rs 170 yesterday.
 
Sovereign however remained unaltered at Rs 24,800 per piece of eight gram.
 
On the other hand, silver ready traded at previous level of Rs 40,600 per kg on scattered support, while weekly-based delivery declined by Rs 60 to Rs 39,225 per kg.
 
Silver coins also held steady at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.
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       BUSINESS
Next Article: India has enough fire to deal with rupee volatility: Finmin
 
 
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Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
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India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
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Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
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Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
 
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