Gold price falls ₹40 on global cues, muted demand

As it stated in Globally, gold fell 0.22% to $1,254.50 an ounce and silver by 0.12% to $16.01 an ounce in New York on Friday. Photo: MintNew Delhi: Gold prices went down by ₹40 to ₹31,650 per 10 grams in Delhi bullion market on Saturday, driven by a weak trend overseas amid easing demand from local jewellers, reported PTI. Marketmen said besides weak global cues, a fall in demand from local jewellers and retailers at existing levels in the domestic spot market, mainly weighed on the gold prices, the agency reported. Globally, gold fell 0.22% to $1,254.50 an ounce and silver by 0.12% to $16.01 an ounce in New York yesterday. In the national capital, gold of 99.9% and 99.5% purity fell by ₹40 each to ₹31,650 and ₹31,500 per 10 grams, respectively.

Gold price maintains uptrend on global cues, jewellers' buying

Globally, gold rose 0.75% to $1,231.50 an ounce and silver by 1.47% to $15.51 an ounce in New York in yesterday's trade. Globally, gold rose 0.75% to $1,231.50 an ounce and silver by 1.47% to $15.51 an ounce in New York in yesterday's trade. Increased buying by local jewellers at the domestic spot market too supported the upmove, they said. In the national capital, gold of 99.9% and 99.5% purity advanced by ₹130 each to ₹30,970 and ₹30,820 per 10 grams, respectively. "Price action suggests that the RBI intervened via state banks and that has helped the rupee recover", the Bloomberg report added.

Gold price falls on sluggish demand, weak global cues

as mentioned in Globally, gold fell 0.47% to $1,241 an ounce and silver by 0.88% to $15.79 an ounce in New York on Friday. Photo: MintNew Delhi: Gold price fell by ₹25 to ₹31,090 per 10 gram in tandem with a weak global trend and muted demand from local jewellers, reported PTI. Globally, gold fell 0.47% to $1,241 an ounce and silver by 0.88% to $15.79 an ounce in New York yesterday. In the national capital, gold of 99.9% and 99.5% purity fell by ₹25 each to ₹31,090 and ₹30,940 per ten gram, respectively. In sync with gold, silver ready traded lower by ₹115 to ₹39,915 per kg and weekly-based delivery by ₹220 to ₹39,045 per kg.

collected by :kiven Dixter