Gold prices slip on global cues, silver surges - Hindustan Times
close_game
close_game

Gold prices slip on global cues, silver surges

PTI | By, Mumbai
Jul 30, 2015 09:47 PM IST

Gold prices fell back after a brief overnight rebound at the domestic bullion market in Mumbai on Thursday due to fresh selling by stockist and jewellery traders amidst lower global cues.

Gold prices fell back after a brief overnight rebound at the domestic bullion market in Mumbai on Thursday due to fresh selling by stockist and jewellery traders amidst lower global cues.

Silver, on the otherhand gained further on sustained industrial offtake.

Hindustan Times - your fastest source for breaking news! Read now.

Standard gold (99.5 purity) fell by Rs 160 to close at Rs 24,675 per 10 grams from Wednesday's closing level of Rs 24,835.

Pure gold (99.9 purity) also declined by a similar margin at Rs 24,825 per 10 grams as compared to Rs 24,985 previously.

However, silver (.999 fineness) rose by Rs 75 to settle at Rs 34,415 per kg as against Rs 34,340 on Wednesday.

Globally, gold fell more than 1% in early trade, trading close to a 5-1/2-year low hit last week, as the dollar jumped after the Federal Reserve left the door open for a rate rise in September and ahead of US GDP data.

Spot gold dropped at $1,081.85 an ounce in early European trade and silver dipped $14.64 an ounce.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business Newsalong withGold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Saturday, February 24, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On