Gold prices fell by Rs 405 to Rs 32,385 per ten grams in the national capital on Thursday on the back of demand for local jewelers. All India Sarafa Sangha gave this information.
Silver also dropped by Rs 104 to Rs 38,246 per kg on reduced demand from industrial units and coin makers. Traders said that the decline in domestic demand led to a decline in gold. Apart from decreasing the fear of global recession, demand for gold has also gone down as a safe investment. In fact, due to better economic data in China and the US, it has strengthened the fact that the fears of global economic recession would not be as bad.
Gold in New York was $ 1,276.10 an ounce and silver was $ 15.10 an ounce. Delhi Sarafa Bazar was closed on Wednesday on the occasion of Mahavir Jayanti. Gold 99.9 per cent purity fell by Rs 405 to Rs 32,385 per ten gram in the national capital on Thursday. At the same time, gold 99.5% purity lost Rs 395 to Rs 32,225 per ten grams.
Eight grams of gold coins fell by Rs 100 to Rs 26,300 per unit. Similarly, the silver spot dropped by Rs 104 to Rs 38,246 per kilogram. Silver in weekly delivery declined by Rs 187 to Rs 37,135 per kilogram. Silver coins recovered by Rs 80,000 per kg, while selling remained steady at Rs 81,000 per 100 grams.
Silver also dropped by Rs 104 to Rs 38,246 per kg on reduced demand from industrial units and coin makers. Traders said that the decline in domestic demand led to a decline in gold. Apart from decreasing the fear of global recession, demand for gold has also gone down as a safe investment. In fact, due to better economic data in China and the US, it has strengthened the fact that the fears of global economic recession would not be as bad.
Gold in New York was $ 1,276.10 an ounce and silver was $ 15.10 an ounce. Delhi Sarafa Bazar was closed on Wednesday on the occasion of Mahavir Jayanti. Gold 99.9 per cent purity fell by Rs 405 to Rs 32,385 per ten gram in the national capital on Thursday. At the same time, gold 99.5% purity lost Rs 395 to Rs 32,225 per ten grams.
Eight grams of gold coins fell by Rs 100 to Rs 26,300 per unit. Similarly, the silver spot dropped by Rs 104 to Rs 38,246 per kilogram. Silver in weekly delivery declined by Rs 187 to Rs 37,135 per kilogram. Silver coins recovered by Rs 80,000 per kg, while selling remained steady at Rs 81,000 per 100 grams.
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