Mumbai:- Gold prices declined for the third straight session, lower by Rs 75 to Rs 29,405 per 10 grams at the domestic bullion market here today due to sluggish demand at the existing levels as well as stockist selling amidst weak overseas trend.
On the other hand, silver slipped modestly owing to lower offtake from consuming industries.
Standard gold (99.5 purity) fell by Rs 75 to finish at Rs 29,405 per 10 grams from Wednesday’s close of Rs 29,480.
Pure gold (99.9 purity) also slipped by a similar margin to end at Rs 29,555 per 10 grams compared to Rs 29,630 previously.
Silver (.999 fineness) moved down by Rs 20 to close at Rs 44,055 per kg as against Rs 44,075 earlier.
Globally, gold prices fell early today, pressurised by a stronger dollar on rising expectations of a US rate hike in March, but losses were muted as investors remained friendly to bullion as a hedge against global uncertainty and rising inflation.
Spot gold fell to USD 1,243.20 per ounce in early European trade and silver also declined to USD 18.30 an ounce.
Joss Whedon brought good taste to ‘Justice League’: Affleck
Lack of comic roles for female actors, says Parineeti
Vidya pays tribute to Sridevi with her version of “Hawa Hawai”
Simon Cowell asks dead parents for advice
Salman never promised my return on ‘Bigg Boss’: Priyank
© 2017 State Times Daily Newspaper