Gold, silver close down on Mumbai spot market

Gold and silver on the Mumbai spot market moved down on the back of strength in the dollar as well as rise in SPDR gold holdings. Gold on the Mumbai spot market fell to Rs 30,265 per 10 grams, down by 0.4% while silver saw a 2.9% fall to Rs 47,225 per kilogram.

The possible deals in US have had a negative impact on bullion prices which have caused them to crash on the international market as well as the Indian market.