Gold prices fall on tepid demand



Gold costs fall on tepid demand


outlookindia.com

1970-01-01T05:30:00+0530

New Delhi, Jun 7 Gold costs Friday declined by Rs 70 to Rs 33,420 per 10 gram within the nationwide capital on decreased demand from jewellers amid a weak pattern abroad, based on the All India Sarafa Affiliation.

Silver, nevertheless, rose Rs 100 to Rs 38,000 per kg on recent offtake by industrial items and coin makers.

Gold dipped on fall in demand from native jewellers amid a subdued international pattern, merchants stated.

Globally, spot gold was buying and selling decrease at USD 1,334.60 an oz., whereas silver was up at USD 14.99 an oz. in New York.

Within the nationwide capital, gold of 99.9 per cent and 99.5 per cent purity dropped by Rs 70 every to Rs 33,420 per 10 gram and Rs 33,250 per 10 gram, respectively.

Sovereign gold held regular at Rs 26,700 per eight gram.

Silver prepared surged by Rs 100 to Rs 38,000 per kg, whereas weekly-based supply fell Rs 72 to Rs 36,878 per kg.

Silver cash held flat at Rs 80,000 for purchasing and Rs 81,000 for promoting of 100 items. VHP ANU
ANU

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