.jpg)
%20(3).jpg)
Gold weakened by Rs 700, silver fell by Rs 2000
Gold Silver Price: The price of gold fell by Rs 700 to Rs 73,500 per 10 grams in the bullion market of the national capital on Monday. According to the All India Sarafa Association, like gold, the price of silver slipped by Rs 2,000 to close at Rs 83,800 per kg.
Gold plummeted by Rs 700 to Rs 73,500 per 10 grams in the national capital's bullion market on Monday amidst a drop in prices of the yellow metal as well as other precious metals in the international markets, said the All India Sarafa Association. The yellow metal had closed at Rs 74,200 per 10 grams in the previous trading session on Friday.
The silver price, tracking gold, tumbled by Rs 2,000 to close at Rs 83,800 per kg owing to weak demand from industrial units and coin makers, according to the All India Sarafa Association. The precious metal had settled at Rs 85,800 per kg in the previous trade.
Meanwhile, gold of 99.5 percent purity also fell by Rs 500 to Rs 73,350 per 10 grams against its previous close at Rs 73,850. In Mumbai, traders claim, the drop in gold prices is due to a lack of demand for gold from local jewelers against a weak trend overseas.
