Gold prices tumbled further by Rs 100 to Rs 12,900 per 10 gram in the national capital on weak global cues on Dec 21.Standard gold and ornaments remained under selling pressure and dropped further by Rs 100 each to Rs 12,900 and Rs 12,750 per 10 gram respectively. Sovereign followed suit and shed Rs 25 at Rs 10,550 per piece of eight gram.
In a similar manner, silver ready dropped further by Rs 40 to Rs 17,360 per kg and weekly-based delivery by Rs 75 at Rs 17,515 per kg. However, silver coins held steady at Rs 26,700 for buying and Rs 26,800 for selling of 100 pieces. Gold prices dropped here in domestic market on account of steep fall in its prices in the international market as the dollar strengthened against the euro, eroding the yellow metal''s demand as an alternate investment. Marketmen said increased selling by stockists, in line with steep fall in its prices, in overseas market last night mainly pulled down gold prices.
In a similar manner, silver ready dropped further by Rs 40 to Rs 17,360 per kg and weekly-based delivery by Rs 75 at Rs 17,515 per kg. However, silver coins held steady at Rs 26,700 for buying and Rs 26,800 for selling of 100 pieces. Gold prices dropped here in domestic market on account of steep fall in its prices in the international market as the dollar strengthened against the euro, eroding the yellow metal''s demand as an alternate investment. Marketmen said increased selling by stockists, in line with steep fall in its prices, in overseas market last night mainly pulled down gold prices.
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