For Quick Alerts
For Daily Alerts

    Gold Extends Weakness On Global Cues, Low Demand


    New Delhi, Jun 26 (PTI) Falling for the sixth straight day, gold prices drifted by another Rs 70 to trade at fresh two-month low of Rs 26,680 per ten grams at the bullion market today, tracking a weak global trend amid slackened demand from jewellers and retailers.

    Gold Extends Weakness On Global Cues, Low Demand

    Silver also fell by Rs 360 to Rs 36,190 per kg on lack of buying support from industrial units.

    Traders attributed persistent fall in gold prices to a weakening global trend and low demand at the physical market from jewellers and retailers.

    In the international market, gold fell by 0.18 per cent to USD 1,172.90 an ounce and silver by 0.28 per cent to USD 15.84 an ounce in New York in yesterday's trade.

    On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 70 each to Rs 26,680 and Rs 26,530 per ten grams respectively.

    The precious metal had lost Rs 450 in the previous five sessions.

    Sovereign, however, remained flat at Rs 23,300 per piece of eight grams in limited deals.

    Tracking gold, silver ready dropped by Rs 360 to Rs 36,190 per kg and weekly-based delivery by Rs 220 to Rs 35,985 per kg.

    Silver coins remained flat at Rs 54,000 for buying and Rs 55,000 for selling of 100 pieces.


    Read more about: gold silver
    Story first published: Friday, June 26, 2015, 15:18 [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