Breaking |

Breaking |

Gold tumbles by Rs 100 on global cues
Published : Oct 21, 2017, 2:53 pm IST
Updated : Oct 21, 2017, 2:53 pm IST
SHARE ARTICLE

New Delhi: Gold fell by Rs 100 to Rs 30,650 per ten gram at the bullion market today amid a weakening global trend and muted demand from local jewellers.  

However, silver recovered by Rs 50 to Rs 40,850 per kg on scattered enquiries from industrial units. Traders said apart from a weak trend overseas, hurt by a stronger dollar, easing demand from local jewellers and retailers at domestic spot market mainly weighed on the gold prices.  

Advertisement

Globally, gold fell 0.75 per cent to USD 1,280 an ounce and silver by 1.34 per cent to USD 17.00 an ounce in New York in yesterday's trade.  


In the national capital, gold of 99.9 per cent and 99.5 per cent purity went down by Rs 100 each to Rs 30,650 and Rs 30,500 per ten gram, respectively. The metal had lost Rs 250 in special 'Diwali' trading session on Thursday.  

Advertisement

Market remained closed yesterday on account of Vishwakarma Puja. Sovereign however held steady at Rs 24,700 per piece of eight gram. On the other hand, silver ready recovered by Rs 50 to Rs 40,850 per kg, while weekly-based delivery shed Rs 25 to Rs 39,875 per kg on lack of buying support from speculators.  

Silver coins however remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces. PTI

Advertisement

SHARE ARTICLE
Advertisement
Advertisement

Anmol Gagan Maan's Resignation U-Turn: Aman Arora Reveals What Really Happened

25 Jul 2025 11:17 AM

Punjab Latest Top News Today | See What's Special | Spokesman TV | LIVE | Date 24/07/2025

24 Jul 2025 11:37 AM

1992-1993 case, punishment after 33 years — families not satisfied with the justice?

24 Jul 2025 11:32 AM

Who was supplying drugs to Amritpal in jail? How true are the revelations made by his associates?

23 Jul 2025 11:27 AM

CM Bhagwant Mann gives sharp response to SGPC President Harjinder Singh Dhami's statement

22 Jul 2025 5:41 PM

Youth Brutally Assaults Differently-Abled Man and Woman After Calling Him a \'Thug\'

22 Jul 2025 5:38 PM
Advertisement