• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 112
    BJP 108
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 67
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Gold falls on global cues, muted demand

By: | Published: September 23, 2016 2:33 PM

Snapping its five-day rising streak, gold prices slipped by Rs 30 to Rs 31,520 per 10 grams at the bullion market amid slackened demand from jewellers at domestic spot market and a weak trend overseas.

Sovereign Gold Bonds 5th tranche opens today; 7th Pay Commission payout begins, should you invest?Globally, gold fell 0.19 per cent to ,334.20 an ounce in Singapore. (Source: Reuters)

Snapping its five-day rising streak, gold prices slipped by Rs 30 to Rs 31,520 per 10 grams at the bullion market today amid slackened demand from jewellers at domestic spot market and a weak trend overseas.

However, silver held steady at Rs 46,800 per kg in scattered deals from industrial units.

Traders said besides a subdued trend in global market, easing demand from jewellers and retailers at prevailing levels led to fall in gold prices.

Globally, gold fell 0.19 per cent to $1,334.20 an ounce in Singapore.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 30 each to Rs 31,520 and Rs 31,370 per 10 grams, respectively. The precious metal had gained Rs 550 in the previous five sessions.

Sovereign, however, held steady at Rs 24,500 per piece of eight grams.

On the other hand, silver ready held steady at Rs 46,800 per kg on scattered support, while weekly-based delivery edged up by Rs 35 to Rs 47,185 per kg.

Silver coins, however, ruled flat at Rs 77,000 for buying and Rs 78,000 for selling of 100 pieces.

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