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The dollar-priced gold in global markets, which normally set price trend
on the domestic front here, fell 1.1 per cent to $1,587.28 an ounce,
the lowest since January 3 and silver by 1.8 per cent to $28.92 an
ounce, the cheapest since January 9.
In addition, domestic demand dried up due to off-marriage season and retailers refrained from buying at such costly levels further dampened the sentiment.
On the domestic front, gold of 99.9 and 99.5 per cent purity suffered a setback of Rs 475 each to Rs 28,840 and Rs 28,700 per 10 gm. The metal has plunged Rs 435 in last three sessions. Sovereign followed suit and declined by Rs 50 to Rs 23,700 per piece of eight gram.
Similarly, silver ready nosedived by Rs 700 to Rs 54,300 per kg and weekly-based delivery by Rs 625 to Rs 54,680 per kg, in continuation to a fall of Rs 1,250 in two days.
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In addition, domestic demand dried up due to off-marriage season and retailers refrained from buying at such costly levels further dampened the sentiment.
On the domestic front, gold of 99.9 and 99.5 per cent purity suffered a setback of Rs 475 each to Rs 28,840 and Rs 28,700 per 10 gm. The metal has plunged Rs 435 in last three sessions. Sovereign followed suit and declined by Rs 50 to Rs 23,700 per piece of eight gram.
Similarly, silver ready nosedived by Rs 700 to Rs 54,300 per kg and weekly-based delivery by Rs 625 to Rs 54,680 per kg, in continuation to a fall of Rs 1,250 in two days.
For more update and Free tips in Mobile Click Here
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