Gold prices fell for the second consecutive day: silver glows down

In the national capital, 99.9 and 99.5 per cent purity fell by Rs 130-130 to Rs 32,000 and Rs 31,850 per 10 gram respectively.

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New Delhi: Gold is the second consecutive day of decline. Gold prices fell by Rs 130 to Rs 32,000 per 10 gram in the national capital today on reduced demand from domestic jewelers.

In the
national capital , gold of 99.9 and 99.5 per cent purity fell by Rs 130-130 to Rs 32,000 and Rs 31,850 per ten grams, respectively. Earlier, gold had dropped below Rs 70 yesterday. Eighth gram also fell by Rs 100 to Rs 24,700 per unit. Globally, gold in Singapore rose 0.34 per cent to $ 1,309 an ounce.

Why gold prices fell,
traders said gold prices fell in the domestic spot market due to demand in demand from domestic jewelers and retailers. However, the strong global trend tried to stop the fall.

Silver
also fell by Rs 50 to Rs 40,200 per kg on reduced offtake by industrial users and coin makers. Silver coins and sales of declines fell by Rs 1000-1000 to Rs 74,000 and Rs 75,000 respectively. Globally, silver in Singapore rose by 0.43% to $ 16.42 an ounce Silver spot dropped by Rs 50 to Rs 40,200 per kg while weekly delivery fell 195 rupees to Rs 38,915 per kilogram.