Gold plunges by Rs 600 to below Rs 31,000 level

News, Business

New Delhi: Gold prices today tumbled by Rs 600 to hit almost three-week low of Rs 30,950 per 10 grams in the local market here today due to weak global advices.

Fall in demand from local jewellers too kept pressure on the precious metal.

Silver cracked below the Rs 39,000-mark by falling Rs 450 to Rs 38,900 per kg on poor offtake by industrial units and coin makers.