The gold prices fell further on the bullion market in Mumbai due to sustained selling by stockists following the weakening trend in overseas markets. Silver also followed the same trend and declined due to subdued industrial demand. The Gold futures closed slightly lower on June 28 as the US dollar fluctuated against its major rivals. The August gold dropped by 30 cents to close at $940.70 an ounce on the Comex Division of the New York Mercantile Exchange.
The Silver July also dropped by 18.1 cents or 1.3 per cent to $13.847 an ounce. In the domestic market, the standard gold (99.5 purity) declined by Rs 60 per ten grams to Rs 14,580 as against the previous closing level of Rs 14,640.
Moreover, the pure gold (99.9 purity) also dipped by Rs 65 per ten grams to Rs 14,645 from Rs 14,710 previously.
The silver ready (.999 fineness) also ended lower by Rs 75 per kilo to Rs 22,760 as against Rs 22,835 the previous day.
The Silver July also dropped by 18.1 cents or 1.3 per cent to $13.847 an ounce. In the domestic market, the standard gold (99.5 purity) declined by Rs 60 per ten grams to Rs 14,580 as against the previous closing level of Rs 14,640.
Moreover, the pure gold (99.9 purity) also dipped by Rs 65 per ten grams to Rs 14,645 from Rs 14,710 previously.
The silver ready (.999 fineness) also ended lower by Rs 75 per kilo to Rs 22,760 as against Rs 22,835 the previous day.
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