Gold prices fell by Rs 240 to Rs 13,900 per 10 gram on Wednesday on the back of heavy selling by stockists due to weakening overseas trend as well as the traders squaring up pending positions in futures markets. On the other hand, the silver also dropped by Rs 200 to Rs 19,000 per kg. The gold dropped in London ahead of the decision of the US Federal Reserve on interest rate. However, the sentiment turned more bearish as the gold in futures trading fell sharply on the eve of settlement as market participants indulged in unwinding their long pending positions.
The silver ready slipped by Rs 200 at Rs 19,000 per kg and weekly-based delivery by Rs 230 at Rs 19,240 per kg. The silver coins were Rs 27,500 for buying and Rs 27,600 for selling of 100 pieces. In line with this, the standard gold and ornaments fell by Rs 240 each at Rs 13,900 and Rs 13,750 per 10 gram, respectively.
The silver ready slipped by Rs 200 at Rs 19,000 per kg and weekly-based delivery by Rs 230 at Rs 19,240 per kg. The silver coins were Rs 27,500 for buying and Rs 27,600 for selling of 100 pieces. In line with this, the standard gold and ornaments fell by Rs 240 each at Rs 13,900 and Rs 13,750 per 10 gram, respectively.
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