The current fall in gold drove down the prices to a level last seen on May 30 last year as the metal tumbled in New York by $ 25.70 to $ 1559.30 an ounce on fears the US Federal Reserve might scale back stimulus.
Tracking the general weakening trend, silver dropped by Rs 875 to Rs 52,275 per kg on restricted buying by industrial units and coin makers.Gold suffered the second biggest fall this month after losing Rs 500 on April 3.On the domestic front, gold of 99.9 and 99.5 per cent purity tumbled by Rs 505 each to Rs 29,470 and Rs 29,270 per ten grams, respectively
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However, sovereign held steady at Rs 25,100 per piece of eight gram in restricted buying.In a similar fashion, silver dropped by Rs 875 to Rs 52,275 per kg and weekly-based delivery by
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