Wednesday, January 27, 2010

Gold price falls by Rs 60 on weak global cue

Gold prices on Wednesday fell by Rs 60 to Rs 16,740 per 10 gram in the bullion market as stockists sold the precious metal following   weak global trend.
Standard gold and ornaments fell by Rs 60 each to Rs 16,740 and Rs 16,590 per 10 gram respectively while sovereign remained steady at Rs 14,000 per piece of eight gram.

Silver plunged by Rs 500 to Rs 26,700 per kg on reduced offtake by industrial units and coins makers
Silver ready dropped by Rs 500 to Rs 26,700 per kg and weekly-based delivery by Rs 450 to Rs 26,400 per kg. However, silver coins continued to be asked at previous levels of Rs 33,600 for buying and Rs 33,700 for selling of 100 piece

Source & Full Article Economic times

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