Gold Prices Slip, Silver Follows Suit: 5 Things To Know

collected by :kiven Dixter

Gold prices: In global markets, spot gold was down about 0.1 percent at $1,221.93 per ounce. Gold prices lost some sheen today amid weak global cues. Here are five things to know about gold prices, silver rates today:1. Muted demand from local jewellers and retailers at the domestic spot markets dampened the investor sentiment, said market men. In global markets, spot gold was down about 0.1 percent at $1,221.93 per ounce at 2:39 pm or 0909 GMT compared with a one-year low of $1,211.08 hit this month.


Gold Prices Fall For Second Straight Day: 5 Things To Know

However, silver held steady at Rs 39,200 per kg on scattered deals from industrial units and coin makers. Marketmen said, apart from a weak trend overseas, fall in demand from local jewellers and retailers at domestic spot market, mainly kept pressure on the gold prices. Here are five things to know about gold prices, silver rates today:1. Spot gold was steady at $1,223.14 per ounce, compared with a one-year low of $1,211.08 hit earlier this month. In Delhi, gold of 99.9 per cent and 99.5 per cent purity lost Rs 100 each at Rs 30,650 and Rs 30,500 per 10 grams, respectively.

Gold Prices Fall For Second Straight Day: 5 Things To Know

Gold Prices Edge Lower After Three Days Of Gains: 5 Things To Know

As it stated in Domestic gold prices declined marginally on Monday, after rising for past three sessions in a row. Gold prices have been under pressure for past few weeks on the back of strength in the dollar against a group of currencies. (Read: Five things to watch in gold prices)Here are five things to know about gold and silver prices today:1. In the international market, gold prices slipped towards one-year lows as the dollar strengthened further. Global gold prices have tumbled 10 per cent since mid-April, driven lower by a surge in the US currency.

Gold Prices Extend Gains To Second Day: 5 Things To Know

Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams. However, silver eased by Rs 50 to Rs 39,430 per kg due to reduced offtake by industrial units and coin makers. Traders said apart from a firm trend overseas, sustained buying by local jewellers at the domestic spot market, kept gold prices higher. Here are five things to know about gold and silver prices today:1. Spot gold slipped 0.2 per cent to $1,228.33 per ounce, after it rose 0.6 per cent on Wednesday.

Gold Prices Extend Gains To Second Day: 5 Things To Know





Comments