For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Gold Prices Fall On Weak Global Cues And Tepid Local Demand

|

As per All India Sarafa Association, gold price in the national capital region on Tuesday fell by Rs. 360 to Rs. 33,370/10 gm primarily due to weak global cues and lackluster demand from local jewellers. Silver also registered a fall in its price by Rs. 290 to Rs 37,560/ kg on account of decreased offtake by coin makers and industrial units.

Gold Prices Fall On Weak Global Cues And Tepid Local Demand
 

In New York, spot gold was trading lower at US$ 1,322.70 per ounce after trade war concerns eased as the US decided to drop its threat of imposing tariffs on Mexico, thereby bringing down the appeal of gold as safe-haven. Silver also was priced lower at US$ 14.74 per ounce.

Gold of 99.9% and 99.5% purity declined in price in the national capital region by Rs. 360 each and was priced at Rs. 33,370 and Rs. 33,200 per 10 gm, respectively.

GoodReturns.in

Read more about: gold us mexico trade war silver
Story first published: Tuesday, June 11, 2019, 16:48 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more