For Quick Alerts
For Daily Alerts

    Gold, Silver Prices Fall on Low Demand, Global Cues


    Gold prices declined by Rs 85 to Rs 27,200 per 10 grams at the bullion market on Friday amid weak cues from global market and fall in domestic demand.

    Silver also eased by Rs 200 to Rs 37,200 per kg on lack of buying support from industrial units and coin makers.

    Gold, Silver Prices Fall on Low Demand, Global Cues

    Traders said besides fall in demand from jewellers and retailers, a weak global trend mainly led to fall in prices of precious metals.

    Gold in New York, which normally sets price trend on the domestic front, fell 0.50 per cent to $1,207.20 an ounce and silver shed 0.73 per cent at $16.38 an ounce in Thursday's trade.

    In the national capital, gold of 99.9 and 99.5 per cent purity traded lower by Rs 85 each to Rs 27,200 and Rs 27,000 per 10 grams, respectively. It had gained Rs 95 on Thursday.

    Sovereign, however, continued to trade at last level of Rs 23,700 per piece of eight grams in scattered deals.

    In a similar fashion, silver ready declined by Rs 200 to Rs 37,200 per kg and weekly-based delivery by Rs 260 to Rs 36,565 per kg. On the other hand, silver coins were steady at Rs 60,000 for buying and Rs 61,000 for selling of 100 pieces.


    Read more about: gold silver
    Story first published: Friday, February 20, 2015, 16:15 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more