Precious Metals
Silver prices fell by Rs 211 to Rs 42,130 per kg in futures trade today as speculators engaged in Extending losses for the seventh straight session, gold prices fell by Rs 140 to Rs 28,140 per 10 grams in the national capital today on weak cues from the global markets amidst subdued demand from jewellers.
However, silver recovered by Rs 150 to Rs 42,800 per kg on increased offtake by industrial units and coin makers.
Bullion merchants said sentiments in gold remained extremely weak after it plunged to two- month low in overseas markets as the outlook for higher US interest rates reduced the appeal of the metal as an alternative investment.
Gold in New York, which normally determines price trend on the domestic front, tumbled 1.5 per cent to $1,273.40, the lowest since June 18, in yesterday's trade.
In Delhi, gold of 99.9 and 99.5 per cent purity fell by Rs 140 each to Rs 28,140 and Rs 27,940 per 10 grams, respectively. It had lost Rs 540 in last six sessions.
Sovereign, however, held steady at Rs 24,600 per piece of eight grams. On the other hand, silver ready recovered by Rs 150 to Rs 42,800 per kg and weekly-based delivery by Rs 95 to Rs42,170 per kg. The white metal had lost Rs 650 in last two days.
Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.
D A I L Y B U Z Z
GOLD/SILVERSilver prices fell by Rs 211 to Rs 42,130 per kg in futures trade today as speculators engaged in Extending losses for the seventh straight session, gold prices fell by Rs 140 to Rs 28,140 per 10 grams in the national capital today on weak cues from the global markets amidst subdued demand from jewellers.
However, silver recovered by Rs 150 to Rs 42,800 per kg on increased offtake by industrial units and coin makers.
Bullion merchants said sentiments in gold remained extremely weak after it plunged to two- month low in overseas markets as the outlook for higher US interest rates reduced the appeal of the metal as an alternative investment.
Gold in New York, which normally determines price trend on the domestic front, tumbled 1.5 per cent to $1,273.40, the lowest since June 18, in yesterday's trade.
In Delhi, gold of 99.9 and 99.5 per cent purity fell by Rs 140 each to Rs 28,140 and Rs 27,940 per 10 grams, respectively. It had lost Rs 540 in last six sessions.
Sovereign, however, held steady at Rs 24,600 per piece of eight grams. On the other hand, silver ready recovered by Rs 150 to Rs 42,800 per kg and weekly-based delivery by Rs 95 to Rs42,170 per kg. The white metal had lost Rs 650 in last two days.
Research Via is a leading financial advisory provides free tips on Indian share market like equity tips, stock tips, stock options tips, bullions tips, agro tips, commodity tips, nifty tips, base metals & energy tips, comex tips, international forex tips, domestic forex tips, agri tips, commodity (mcx& ncdex) tips.
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