Gold weakens on lower demand, silver slips

Image
Press Trust of India Mumbai
Last Updated : Apr 13 2018 | 6:45 PM IST

Gold prices weakened by Rs 225 per 10 grams at the domestic bullion market here today following lower demand from stockists and retailers.

Elsewhere, silver also slipped owing to subdued demand by industrial users.

Standard gold (99.5 purity) dropped by Rs 225 to end at Rs 30,820 per 10 grams from Thursday's closing level of Rs 31,045.

Pure gold (99.9 purity) also fell by the same amount to finish at Rs 30,970 per 10 grams as compared to Rs 31,195 previously.

Silver (.999 fineness) declined by Rs 290 per kg to Rs 38,480 as against Rs 38,770 yesterday.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 13 2018 | 6:45 PM IST

Next Story