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Gold rate plunges to Rs 29,100 per 10 grams

By Newsd
Updated on :
Gold rate plunges to to Rs 29,100 per 10 grams
Source: biztonsagpiac.hu

On Monday, the price of gold tumbled Rs 125 to Rs 29,100 per 10 grams. The fall in prices has happened amid tapering demand from local jewellers.

Silver also slipped below Rs 39,000 mark by falling Rs 125 to Rs 38,950 per kg because of reduced purchase by industrial units and coin makers.

Traders called the drop in demand from local jewellers and retailers at the domestic spot market, a big drag.

Globally, gold fell 0.87 to USD 1,245.70 an ounce and silver by 1.17% to USD 16.49 an ounce in Singapore.

In Delhi, gold of 99.9% and 99.5% purity declined by Rs 125 each to Rs 29,100 and Rs 28,950 per 10 grams, respectively. The metal had gained Rs 125 in the last two days.

Following gold, silver fell by Rs 125 to Rs 38,950 per kg while weekly-based delivery was Rs 38,485 per kg.

 

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