ZCZC
BCN-20
INDIA-BULLION-MARKET
Gold falls on lacklustre demand
New Delhi, July 1, 2018 (BSS/PTI) – Gold fell by Rs 60 to Rs 31,420 per 10
gram at the bullion market Saturday on sluggish demand from local jewellers
despite a firm trend overseas.
However, silver held steady at Rs 40,600 per kg on scattered enquiries from
industrial units and coin makers.
Marketmen attributed the fall in gold prices to muted demand from jewellers
and retailers at domestic spot market, but a positive global trend capped the
fall.
Globally, gold edged higher 0.35 per cent to USD 1,252.50 an ounce and
silver by 0.72 per cent to USD 16.09 an ounce in New York in yesterday’s
trade.
In the national capital, gold of 99.9 per cent and 99.5 per cent purity
fell further by Rs 60 to Rs 31,420 and Rs 31,270 per 10 gram, respectively.
The yellow metal had lost Rs 170 yesterday.
Sovereign however remained unaltered at Rs 24,800 per piece of eight gram.
On the other hand, silver ready traded at previous level of Rs 40,600 per
kg on scattered support, while weekly-based delivery declined by Rs 60 to Rs
39,225 per kg.
Silver coins also held steady at Rs 75,000 for buying and Rs 76,000 for
selling of 100 pieces.
BSS/PTI/HR/1050