The gold prices fell by Rs 110 per ten grams to Rs 14,855 on the bullion market by snapping the four-day winning streak on Tuesday due to lack of demand at higher levels. Meanwhile, the silver also followed the same trend as its prices also reacted downwards after gaining by Rs 1,060 or 4.67 per cent per kilo in last four sessions on fresh stockists offerings.
The Gold in Europe edged higher as the dealers remained wary about the dollar outlook that hit its lowest level this year in the last session. In New York, the spot gold was quoted at $975.40 an ounce in early trade as against $973.95 an ounce late.
In the domestic arena, the standard gold (99.5 purity) dropped by Rs 110 per ten grams to Rs 14,855 as against Rs 14,965 the previous day.
Moreover, the pure gold (99.9 purity) also moved down by Rs 115 per ten grams to Rs 14,920 from Rs 15,035 yesterday. Silver ready (999 fineness) declined by Rs 120 per kilo to Rs 23,620 from Rs 23,740.
The Gold in Europe edged higher as the dealers remained wary about the dollar outlook that hit its lowest level this year in the last session. In New York, the spot gold was quoted at $975.40 an ounce in early trade as against $973.95 an ounce late.
In the domestic arena, the standard gold (99.5 purity) dropped by Rs 110 per ten grams to Rs 14,855 as against Rs 14,965 the previous day.
Moreover, the pure gold (99.9 purity) also moved down by Rs 115 per ten grams to Rs 14,920 from Rs 15,035 yesterday. Silver ready (999 fineness) declined by Rs 120 per kilo to Rs 23,620 from Rs 23,740.
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