Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Gold, silver slip on weak demand

Jan 17 2013, 20:12 IST
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Gold prices declined at the domestic bullion market today on reduced demand from stockists and investors amidst lack of local buying interest at the prevailing higher levels. (Reuters) Gold prices declined at the domestic bullion market today on reduced demand from stockists and investors amidst lack of local buying interest at the prevailing higher levels. (Reuters)
SummaryGold prices declined at the domestic bullion market today on reduced demand from stockists and investors amidst lack of local buying interest at the prevailing higher levels.

Gold prices declined at the domestic bullion market today on reduced demand from stockists and investors amidst lack of local buying interest at the prevailing higher levels.

Silver also eased slightly on speculative selling.

Standard gold of 99.5 per cent purity slipped by Rs 90 to end at Rs 30,550 per 10 gm from Wednesday's closing level of Rs 30,640.

Pure gold of 99.9 per cent purity slid by Rs 95 to finish at Rs 30,685 per 10 gm from Rs 30,780.

Silver ready (.999 fineness) moved down by Rs 45 to conclude at Rs 59,265 per kg as compared to Rs 59,310 previously.

In the overseas market, gold went down due to slight profit-taking after a two-session climb amid continued uncertainty over US fiscal and monetary policy.

In New York, February gold edged down by 70 cents to USD 1,683.20 an ounce on the Comex division of the NYMEX late yesterday. March silver contract inched up penny to USD 31.54 an ounce.

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