Gold, silver prices fall on tepid demand



Gold, silver costs fall on tepid demand


outlookindia.com

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

New Delhi, Apr 30 Gold costs fell by Rs 55 to Rs 32,945 per 10 gram on the bullion market right here on Tuesday as a result of tepid demand from jewellers, based on the All India Sarafa Affiliation.

Monitoring gold, silver additionally dropped by Rs 200 to Rs 38,500 per kg as a result of lowered offtake by industrial models and coin makers.

Merchants stated easing demand from native jewellers on the home market led to the decline in costs, however a agency development abroad restricted the autumn.

Globally, spot gold was buying and selling greater at USD 1,285.40 an oz, whereas silver was up at USD 15.06 an oz in New York.

Within the nationwide capital, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 55 every to Rs 32,945 and Rs 32,775 per 10 gram, respectively.

Nonetheless, sovereign gold held regular at Rs 26,400 per eight gram.

Silver prepared slumped by Rs 200 to Rs 38,500 per kg and weekly-based supply lowered by Rs 28 to Rs 37,222 per kg.

Then again, silver cash held flat at Rs 80,000 for purchasing and Rs 81,000 for promoting of 100 items. VHP HRS

Disclaimer :- This story has not been edited by Outlook workers and is auto-generated from information company feeds.

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