Gold Prices Dip For Fourth Straight Day: 5 Points

collected by :kiven Dixter

Gold prices declined by Rs 40 to Rs 31,360 per 10 grams on Tuesday, driven by a weak trend overseas amid fall in demand from local jewellers, reported news agency Press Trust of India (PTI). Marketmen said that apart from a weak trend overseas, a fall in demand from local jewellers and retailers at the domestic spot market mainly kept gold prices lower. Here are key things to know about gold and silver prices today:1. Gold prices recovered from a nearly seven-month low on Tuesday as dollar eased and Asian shares sank amid heightening trade friction between the United States and major economies. In sync with gold, silver ready eased by Rs 50 to Rs 40,300 per kg and weekly-based delivery cracked below the Rs 39,000-mark by falling Rs 95 to Rs 38,945 per kg.

Gold Prices Rise For Second Straight Day: 5 Points

Gold Price: Sovereign gold, however, remained unaltered at Rs 24,800 per piece of eight grams. Silver prices too surged by Rs 690 to Rs 40,600 per kg backed by increased offtake by industrial units and coin makers. Traders said continued buying by local jewellers at the domestic spot market and a better trend overseas mainly kept gold prices higher. Here are key things to know about gold and silver prices today:1. In line with gold, silver ready jumped up by Rs 690 to Rs 40,600 per kg, while weekly-based delivery shed Rs 60 to Rs 39,200 per kg.

Gold Extends Losses For Second Straight Day; Check Prices Here

as mentioned in Global gold prices have shed more than 10% since touching a peak of $1,365.23 in mid-AprilGold prices softened for the second straight day on Tuesday amid a weak global trend but silver rates rose on scattered enquiries from industrial units and coin makers. Experts hoped that gold prices would recover due to manufacturing PMI data of the US, which is scheduled to be released later in the day. Here are five things to know about gold prices and silver rates today:1. Fall in demand from local jewellers and retailers at the domestic spot markets weighed on gold prices, said market men. Global gold prices have shed more than 10 per cent since touching a peak of $1,365.23 in mid-April, largely hit by a stronger dollar amid US interest rate hikes.