Tuesday, February 5, 2008

Gold Falls Further On Lower Global Advices

Gold prices dropped further on the bullion market in Mumbai on Feb 4 on lack of local demand coupled with persistent stockists'' offerings due to lower global advices. Silver also finished lower on lack of industrial demand. Standard gold (99.5 purity) dropped by Rs 70 per ten grams to Rs 11,515 from the Saturday''s closing levels of Rs 11,585.Pure gold (99.9 purity) fell to Rs 11,570 from Rs 11,635 previously. Silver ready (.999 fineness) also slipped by Rs 75 per kilo to Rs 21,030 from Rs 21,105 previously.

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