​​​
  1. Gold prices drop for the first time in 2017

Gold prices drop for the first time in 2017

Gold prices in Indian markets fell for the first time this year on Friday. The price of the yellow metal of 24 carat purity was hovering around Rs 29,000 per 10 grams on Friday as against the previous Rs 29,400.

By: | New Delhi | Published: January 27, 2017 11:21 PM
The price of the yellow metal of 24 carat purity was hovering around Rs 29,000 per 10 grams on Friday as against the previous Rs 29,400. (Reuters) The price of the yellow metal of 24 carat purity was hovering around Rs 29,000 per 10 grams on Friday as against the previous Rs 29,400. (Reuters)

Gold prices in Indian markets fell for the first time this year on Friday. The price of the yellow metal of 24 carat purity was hovering around Rs 29,000 per 10 grams on Friday as against the previous Rs 29,400. “Actually the price started falling in the global markets yesterday (Thursday) but Indian markets were closed (due to the Republic Day holiday). On Friday the price dropped for the first time in this year,” Bachhraj Bamalwa, Director, emichand Bamalwa & Sons told IANS.

You May Also Want To Watch:

He said the prices went up by 6-7 per cent in January as investors started buying the yellow metal speculating equity markets would drop following US President Donald Trump’s inauguration speech.

“But it was all speculative buying. There was nothing significant in the speech which could jeopardise the equity market. The equity markets all over the world reacted positively following his speech,” Bamalwa said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top