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English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 73,583.22 -2.25% ↓ Nifty 22,819.60 -2.09% ↓ 22k Gold ₹ 13,575/gm Silver ₹ 2,45,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 105.02 USD ₹ 94.78
Sensex 73,583.22 -2.25% ↓ Nifty 22,819.60 -2.09% ↓ 22k Gold ₹ 13,575/gm Silver ₹ 2,45,000/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 105.02 USD ₹ 94.78
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Gold, Silver drop as QE3 impact fades
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gold
INR
94.782United States Dollar
The metal buying euphoria following a quantitative easing programme announcement in the US finally abated, as renewed fears in the eurozone region with latest worries on Spain dragged gold and silver lower.

Internationally, gold dropped by $12 an ounce to trade at $1756, while silver was down marginally by 0.13%.

On the MCX gold for October delivery dropped 0.49% at Rs 31,654, while Silver futures for December delivery was down by 0.4% at Rs 63453 on the Multi Commodity Exchange.

Gold and silver would continue to track global equities. The sharp rally in the last few weeks could see more profit booking in precious metals in the next few weeks.

GoodReturns.in

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Story first published: Tuesday, September 18, 2012, 13:45 [IST]
See More On: gold, silver

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