Gold declines; silver recovers

Source: The Hitavada      Date: 22 Oct 2017 11:54:46


NEW DELHI,

Oct 21,

(PTI),

GOLD fell by Rs 100 to Rs 30,650 per ten grams at the bullion market here on Saturday amid a weakening global trend and muted demand from local jewellers. However, silver recovered Rs 50 to Rs 40,850 per kg on scattered enquiries from industrial units.

In the National Capital, gold of 99.9 and 99.5 per cent purity went down by Rs 100 each to Rs 30,650 and Rs 30,500 per ten grams, respectively. The metal had lost Rs 250 in special ‘Diwali’ trading session on Thursday. Sovereign, however, held steady at Rs 24,700 per piece of eight grams. Silver ready recovered Rs 50 to Rs 40,850 per kg, while weekly-based delivery shed Rs 25 to Rs 39,875 per kg.