Gold prices touched nearly eight months low by falling Rs 295 per 10 gram in the national capital on Thursday on panic selling sparked by reports of the precious metal tumbling in the overseas markets.
In Delhi bullion market, gold fell by Rs 295 to trade at Rs 11,350 per 10 gram in evening trading, a level last seen on January 21, this year. Silver followed the same sentiments and fell to record a loss of Rs 550 at Rs 18,000 per kg.
Selling pressure gathered momentum in late trading, following reports that the gold in London fell $10.05 to $742.40 an ounce after touching $739.05, the lowest since October 10, 2007. All dollar-priced precious metals, including platinum, gold and silver declined as the dollar strengthened against currencies including the euro, diminishing the appeal of them
In Delhi bullion market, gold fell by Rs 295 to trade at Rs 11,350 per 10 gram in evening trading, a level last seen on January 21, this year. Silver followed the same sentiments and fell to record a loss of Rs 550 at Rs 18,000 per kg.
Selling pressure gathered momentum in late trading, following reports that the gold in London fell $10.05 to $742.40 an ounce after touching $739.05, the lowest since October 10, 2007. All dollar-priced precious metals, including platinum, gold and silver declined as the dollar strengthened against currencies including the euro, diminishing the appeal of them
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