After a two-day slide, gold prices rebounded Rs 140 to Rs 26,750 per 10 grams at the bullion market today, tracking a firm trend overseas and fresh bouts of buying by jewellery stockists to meet wedding season demand.
Falling for the second straight day, gold prices drifted by Rs 160 to Rs 25,690 at the bullion market, taking negative cues from the overseas markets amid muted demand from jewellers.
Traders said besides weak global cues as investors await a decision on US interest rate increase, muted demand from jewellers and retailers at the domestic spot market led to the fall in the prices of precious metals here
Continuing its slide for the fourth consecutive day, gold prices today dipped below Rs 25,000 by losing Rs 40 to trade at over four-year lows of Rs 24,980 per 10 grams at the domestic bullion market.
Gold prices were down by Rs 193 to Rs 24,758 per 10 grams today in futures trade after the precious metal tumbled to over five-year lows in global market.
Gold prices fell by Rs 120 to Rs 26,130 per 10 grams at the bullion market today, largely in tandem with a weakening trend overseas amid low demand from jewellers.
Gold prices tumbled Rs 330 to trade over 3-month lows at Rs 26,170 per ten grams at the bullion market today, tracking a weak global trend amid easing demand from jewellers.
