Gold slips below 30k; silver plunges by Rs 1,350/kg

Source: The Hitavada      Date: 04 Mar 2017 08:48:37


Mar 3,


GOLD prices drifted below the Rs 30,000-mark by falling Rs 275 to Rs 29,725 per 10 grams at the bullion market on Friday on weak global trend and fall in demand from local jewellers.Silver also dropped by a whopping Rs 1,350 to Rs 42,700 per kg on reduced offtake by industrial units and coin makers.

In the National Capital, gold of 99.9 and 99.5 per cent purity tumbled by Rs 275 each to Rs 29,725 and Rs 29,575 per ten grams, respectively. Sovereign, however, remained steady at Rs 24,500 per piece of eight grams. Silver ready dropped Rs 1,350 to Rs 42,700 per kg and weekly-based delivery by Rs 1,160 to Rs 42,160 per kg.