Both gold and silver fell further on sustained selling by stockists at existing higher levels amid
a weak global trend.
While gold fell further by R235 to R31,125 per ten grams in continuation of slide of R165 on Monday, silver by R 455 to R50,155 per kg after losing R75 in last trade. Traders said sustained selling by stockists at higher levels mainly led to fall in the previous metals.
They said a weakening tend in global markets further influenced the market sentiment.
Gold in Singapore, which normally set price trend on the domestic front, fell by 0.28% to R1361.80 and silver by 1.90% to 22.75 dollar an ounce.
Kochi to host 2 international rubber meets
Two international rubber conferences ? Asian Latex and India Rubber Summit -? would be held here from September 5 to 7.
The two events will bring together leading Indian and international rubber experts, industry leaders, technologists, consultants, rubber goods and tyre manufacturers, industry bodies, R&D establishments, for business networking and deliberations on the latest trends in the global rubber and latex industry. The events are being organised by Rubber Asia, Asia’s premier global rubber industry magazine, in association with Indian Rubber Board, All India Rubber Industries Association and a host of Indian and international industry majors, including Kossan and HLL Healthcare.