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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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Gold prices fall for third day, silver rates slump

Friday, November 9, 2018, 7:50 PM

Gold prices today fell for the third day, pushed lower by muted domestic demand and weak global cues. Gold rates fell by Rs.150 to Rs 32,250/10 grams, its third straight loss. Silver prices too fell sharply today after they declined by Rs.600 to Rs 38,400/kg. Gold prices had declined by Rs.210 to Rs 32,400/10 grams on Wednesday.

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