Gold falls on sluggish demand at higher levels

Tags: Commodities
Gold prices fell by Rs 140 to Rs 30,340 per ten gram in the national capital owing to slackened demand at prevailing higher levels amid a weak trend overseas.

Silver also shed Rs 70 to Rs 41,700 per kg on reduced offtake by coin makers and other consuming industries.

Traders said besides a weak trend in the global markets, fall in domestic demand at prevailing levels mainly led to decline in the gold prices.

EDITORIAL OF THE DAY

  • Public sector banks need to be independent of govt ownership

    The RBI, in its financial stability report released last week, has flagged off concerns about the deteriorating asset quality of public sector banks.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Simon J Evenett

Will Germany be able to deliver?

The BRICS aren’t the only countries whose stature has grown ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture