You are here: Home » PTI Stories » National » News
Business Standard

Gold slips for 2nd day on stockists selling

Press Trust of India  |  Mumbai 

Gold prices slipped for the second straight day at the bullion market here due to sustained selling by stockists and jewellery traders amid bearish global cues.

While, silver recovered marginally owing to stray industrial buying support.



Standard gold (99.5 purity) fell by Rs 130 to end at Rs 28,775 per 10 grams from Tuesday's level of Rs 28,905.

Pure gold (99.9 purity) also eased by a similar margin to close at Rs 28,925 per 10 grams against Rs 29,055, previously.

However, silver (.999 fineness) rose by Rs 35 per kg to finish at Rs 41,465 as compared to Rs 41,430 yesterday.

Globally, gold was barely changed, but some analysts say there is scope for further downside after bullion endured its worst month of losses since June 2013.

Spot gold on Wednesday was down 0.1 per cent at USD 1,187.67 an ounce in early European trade. US gold futures fell 0.1 percent to USD 1,186.70.

Silver rose 0.4 percent to USD 16.66 an ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Gold slips for 2nd day on stockists selling

Gold prices slipped for the second straight day at the bullion market here due to sustained selling by stockists and jewellery traders amid bearish global cues. While, silver recovered marginally owing to stray industrial buying support. Standard gold (99.5 purity) fell by Rs 130 to end at Rs 28,775 per 10 grams from Tuesday's level of Rs 28,905. Pure gold (99.9 purity) also eased by a similar margin to close at Rs 28,925 per 10 grams against Rs 29,055, previously. However, silver (.999 fineness) rose by Rs 35 per kg to finish at Rs 41,465 as compared to Rs 41,430 yesterday. Globally, gold was barely changed, but some analysts say there is scope for further downside after bullion endured its worst month of losses since June 2013. Spot gold on Wednesday was down 0.1 per cent at USD 1,187.67 an ounce in early European trade. US gold futures fell 0.1 percent to USD 1,186.70. Silver rose 0.4 percent to USD 16.66 an ounce. Gold prices slipped for the second straight day at the bullion market here due to sustained selling by stockists and jewellery traders amid bearish global cues.

While, silver recovered marginally owing to stray industrial buying support.

Standard gold (99.5 purity) fell by Rs 130 to end at Rs 28,775 per 10 grams from Tuesday's level of Rs 28,905.

Pure gold (99.9 purity) also eased by a similar margin to close at Rs 28,925 per 10 grams against Rs 29,055, previously.

However, silver (.999 fineness) rose by Rs 35 per kg to finish at Rs 41,465 as compared to Rs 41,430 yesterday.

Globally, gold was barely changed, but some analysts say there is scope for further downside after bullion endured its worst month of losses since June 2013.

Spot gold on Wednesday was down 0.1 per cent at USD 1,187.67 an ounce in early European trade. US gold futures fell 0.1 percent to USD 1,186.70.

Silver rose 0.4 percent to USD 16.66 an ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Gold slips for 2nd day on stockists selling

Gold prices slipped for the second straight day at the bullion market here due to sustained selling by stockists and jewellery traders amid bearish global cues.

While, silver recovered marginally owing to stray industrial buying support.

Standard gold (99.5 purity) fell by Rs 130 to end at Rs 28,775 per 10 grams from Tuesday's level of Rs 28,905.

Pure gold (99.9 purity) also eased by a similar margin to close at Rs 28,925 per 10 grams against Rs 29,055, previously.

However, silver (.999 fineness) rose by Rs 35 per kg to finish at Rs 41,465 as compared to Rs 41,430 yesterday.

Globally, gold was barely changed, but some analysts say there is scope for further downside after bullion endured its worst month of losses since June 2013.

Spot gold on Wednesday was down 0.1 per cent at USD 1,187.67 an ounce in early European trade. US gold futures fell 0.1 percent to USD 1,186.70.

Silver rose 0.4 percent to USD 16.66 an ounce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard