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Gold prices fall sharply today but silver rates steady

Monday, December 17, 2018, 8:14 PM

Weak demand from domestic jewellers and lower global prices sent gold rates lower today. Gold prices today fell by Rs.190 to Rs.32,000 per 10 gram. This is the second consecutive day gold prices have seen sharp declines. Gold rates had declined Rs.160 on Saturday. Silver prices however remained steady today at Rs.38,400/kg. Gold rates fell today, extending the two-day decline to nearly Rs.350.
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Gold prices decline on weak global cues, low demand

Saturday, December 1, 2018, 7:34 PM

Amid weak cues from the global market and fall in demand from local jewellers, gold prices plunged Rs.390 to Rs.31,460 per 10 grams at the bullion market during the week. Silver also lost Rs.890 to reach Rs.36,560 per kg due to poor offtake by industrial units and coin makers. Traders said a weak trend in the overseas market weighed on gold prices.
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Gold prices slip from 6-year highs

Saturday, November 10, 2018, 7:08 PM

Breaking its six-straight weeks of gains, gold slipped from near six-year highs with prices falling by Rs.580 to end at Rs.32,070 per 10-grams at the bullion market owing to the fall in demand from jewellers and retailers, amid a weak trend overseas. Apart from the absence of festival season demand from domestic jewellers and retailers, a weak trend in the global-market hit sentiment.

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