The gold prices on June 8 declined by Rs 120 to Rs 14,760 per 10 gram in the bullion market in New Delhi due to sustained selling by stockists. The marketmen said that the trading sentiment remained bearish as the gold dropped to the lowest in more than a week in the global markets. Moreover, the silver also followed the same trend and lost Rs 50 to Rs 22,950 per kg.
In the global markets, the gold lost 6.63 dollar to $948.63 an ounce while the silver by two per cent to $14.985 an ounce.
The standard gold and ornaments remained under selling pressure and tumbled by Rs 120 each to Rs 14,760 and Rs 14,610 per 10 gram, respectively. The Sovereign also lost Rs 50 to Rs 12,350 per piece of eight gram.
Meanwhile, the silver ready slipped by Rs 50 to Rs 22,950 per kg while the weekly-based delivery by Rs 550 to Rs 23,150 per kg, respectively. Silver coins fell Rs 100 at Rs 29,500 for buying while Rs 29,600 for selling of 100 pieces.
In the global markets, the gold lost 6.63 dollar to $948.63 an ounce while the silver by two per cent to $14.985 an ounce.
The standard gold and ornaments remained under selling pressure and tumbled by Rs 120 each to Rs 14,760 and Rs 14,610 per 10 gram, respectively. The Sovereign also lost Rs 50 to Rs 12,350 per piece of eight gram.
Meanwhile, the silver ready slipped by Rs 50 to Rs 22,950 per kg while the weekly-based delivery by Rs 550 to Rs 23,150 per kg, respectively. Silver coins fell Rs 100 at Rs 29,500 for buying while Rs 29,600 for selling of 100 pieces.
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