Sep 11, 2010
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Gold Holdings
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Gold Holdings
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Gold Holdings
Silver also dropped down by Rs 250 to Rs 31,450 per kg on reduced offtake by coin makers and industrial units.
According to market analysts the sustained selling by stockist at existing high levels mainly led to fall in gold prices. Even the retail customers postponed their plans for buying in anticipation which might lead to fall in prices of gold. This has highly influenced the trading sentiment.
Gold of 99.9 and 99.5 percent purity dropped by Rs 115 each to Rs 19,125 and Rs 19,025 per ten gram, respectively. The metal had lost Rs 230 in the previous trading session. Sovereign lost Rs 50 to Rs14, 950 per piece of eight gram.
Silver ready and weekly-based delivery remained under selling pressure and fell by Rs 250 and Rs 140 to Rs 31,450 and Rs 31,235 per kg respectively.
The silver coins continued to trade around the previous levels of Rs 35,000 for buying and Rs 35,100 for selling of 100 pieces in restricted deals.
