The biggest drop in gold: the price of gold falling continuously in two days

In the local bullion market, gold of 99.9 per cent and 99.5 per cent purity dropped by Rs 120-120 to Rs 30,830 and Rs 30,680 per ten gram respectively

NEW DELHI: fell despite a firming trend in overseas markets, weak demand from the bullion market of jewelers today gold at Rs 120 per 10 grams to Rs 30,830. There was a decline of Rs 150 in gold yesterday. Due to the fall of yesterday's Rs 150 and a fall of today's Rs 120, the loss of Rs 270 in gold has come in the last two days.

In the domestic market, gold of
99.9 per cent and 99.5 per cent purity of 99.9 per cent purity declined by Rs 120-120 to Rs 30,830 and Rs 30,680 per 10 grams, respectively. However, the eight-gram gini remained at Rs 24,800 per unit. Sarfra traders said that gold prices declined due to the poor demand from local jewelers and retailers, but the trend of betterment in foreign countries narrowed the losses to a great extent.

Gold in
global markets, gold rose 0.38 per cent to USD 1331.40 an ounce in Singapore, while silver gained 0.59 per cent to $ 17.03 an ounce.

Silver prices rose sharply in
the other industrial units and the price of silver due to sporadic inquiries coin Manufacturers got 50 bucks improved to Rs 39,850 per kg. On the other hand, silver ready made Rs 50 to Rs 39,850 per kilogram. While the price of silver supplied with weekly delivery also increased by Rs. 30, 38,990 rupees per kg. Silver coins remained unchanged at Rs 74,000 for buying and Rs 75,000 for selling.