Gold falls Rs 125 on weak global cues, easing demand

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Commodity Intraday Tips, Equity Tips, Market UpdateGold price drifted lower by Rs 125 to Rs 29,275 per 10 grams today, 6 April 2017, on weak global cues despite fall in demand from local jewellers. On the other side, Silver followed suit and softened by Rs. 100 to Rs. 42,500 per kg due to reduced off-take by industrial units and coin makers.

In New Delhi, gold of 99.9 purity traded lower by Rs 125 to Rs 29,275 and 99.5% purity traded lower to Rs 29,125 per 10 grams. Gold had gained Rs 340 in the past three sessions. Globally, the price of Gold fell by 0.13% to USD 1,253.80 an ounce, and silver fell by 0.25% to USD 18.22 an ounce in Singapore.

Price of Sovereign remained unaltered at Rs 24,400 per piece of eight grams. Following the precious metal, silver ready declined by Rs 100 to Rs 42,500 per k.g . The weekly-based delivery is noted by Rs 185 to Rs 42,240 per kg. Silver coins held steady at Rs 71,000 for buying and Rs 72,000 for selling of 100 pcs.

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