Gold edges down on listless trade, silver tumbles below 46k

By: |
Mumbai | September 12, 2016 6:53 PM

Gold prices eased slightly at the domestic bullion market on subdued offtake from stockists and investors amid listless local buying interest couple with lacklustre overseas sentiments.

Gold, Gold prices, Gold rate, Gold Trade, Gold rate today, Silver, Silver Price, Silver rate, Silver rate today, Bullion market, Commodity NewsElsewhere, silver tumbled, extending its losses for the third straight day to close below the key Rs 46,000 mark on heavy speculative unwinding.

Gold prices eased slightly at the domestic bullion market here today on subdued offtake from stockists and investors amid listless local buying interest couple with lacklustre overseas sentiments.

Elsewhere, silver tumbled, extending its losses for the third straight day to close below the key Rs 46,000 mark on heavy speculative unwinding.

Standard gold (99.5 purity) declined by Rs 15 to end at Rs 31,160 per 10 grams from last Friday’s close of Rs 31,175.

Pure gold (99.9 purity) also fell by a similar margin to settle at Rs 31,310 per 10 grams compared to Rs 31,325 earlier.

Silver (.999 fineness) slumped by Rs 1,175 per kg to conclude at Rs 45,335 against Rs 46,510 previously.

Globally, gold steadied, with investors looking for a safe haven as fresh speculation about a near-term U.S. rate hike weighed on equities and other assets.

Spot gold held steady at $1,327.92 an ounce in early European trade.

Among other precious metal, spot silver shed 0.4 per cent to $18.95. The metal touched its lowest since September 2 at $18.75 per ounce.

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