1. Gold slides on stockists selling, global weakness

Gold slides on stockists selling, global weakness

Gold prices dropped sharply at the domestic bullion market here today following heavy selling by jewellery stockists...

By: | Mumbai | Published: April 15, 2015 6:45 PM
gold price, gold rate today, gold price today, gold market, gold price in delhi, bullion market, bullion market india, silver rates, silver prices today

Pure gold (99.9 purity) also shed by a similar margin to settle at Rs 26,545 per 10 grams against Rs 26,725. (Reuters)

Gold prices dropped sharply at the domestic bullion market here today following heavy selling by jewellery stockists and traders in the face of lacklustre retail buying support.

Silver also slumped owing to sustained speculative unwinding and also poor industrial demand.

Standard gold (99.5 purity) plummeted by Rs 180 to finish at Rs 26,395 per 10 grams from Monday’s closing level of Rs 26,575.

Pure gold (99.9 purity) also shed by a similar margin to settle at Rs 26,545 per 10 grams against Rs 26,725.

Silver (.999 fineness) slipped by Rs 205 to conclude at Rs 37,115 per kg compared to Rs 37,320 previously.

The bullion market was closed yesterday in view of ‘Ambedkar Jayanti’.

On the global front, the yellow-metal edged lower to two-week lows pressured by renewed dollar strength despite disappointing US macro data.

Spot gold was bid lower at USD 1,189.80 an ounce in early European trade, while spot silver quoted at USD 16.10 an ounce.

Get latest news and updates on Auto Expo 2018, check breaking news on Budget 2018, like us on Facebook and follow us on Twitter.

Tags: GoldSilver
  1. No Comments.

Go to Top