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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture