Global Sense-Small Declining Due to Demand, Silver Has Dull Inexpensive

Globally gold lost 0.27 per cent in Singapore to $ 1,318 an ounce. Gini's price of eight grams in the domestic market, however, remained stable at Rs 24,800 in limited deals.

New Delhi: Demand for local jewelers decreased after weak trend in global markets Gold prices fell by Rs 100 to Rs 31,350 per 10 grams in the national capital today. Gold 99.9 and 99.5 per cent purity fell by Rs 100-100 to Rs 31,350 and Rs 31,200 per ten gram respectively in the Delhi bullion market.

Gold prices in global markets
fell by 0.27 percent to $ 1,318 an ounce in Singapore on global scale Gini's price of eight grams in the domestic market, however, remained stable at Rs 24,800 in limited deals.

Why did gold fall in gold? The
traders said that the weakening of the global markets in terms of dollar strengthening compared to the euro was a trend. Along with this, demand for local jewelers and retail shoppers declined due to fall in gold prices.

What is Silver move
to lower demand from industrial units and coin Manufacturers silver closed at Rs 39,385, down Rs 115 per kg. Silver coins fell by Rs 115 to Rs 39,385 per kilogram. Weekly delivery quotes loss of Rs 80 to Rs 38,690 per kilogram. Globally, silver in Singapore shrank 0.21 percent to $ 16.43 an ounce. Silver coins have been priced at Rs 74,000 and Rs 75,000 for every cent.