Gold prices slipped by Rs. 50 to Rs. 32,220 per 10 gram at the bullion market today amid a weak global trend and slackened demand from local jewelers, reported.
Silver rates also shed Rs. 100 to Rs. 39,500 per kg due to reduced offtake by industrial units and coin makers. Apart from a weak global trend, tepid demand from local jewellers and retailers at the domestic spot market, weighed on gold prices, traders said.
Things to know about gold prices, silver rates today:
1. Globally, gold fell 0.02 per cent to $1,227.20 an ounce, while silver was up 0.21 per cent to $14.73 an ounce in Singapore. According to analysts, geo-political concerns including tensions between Saudi Arabia and the West over the killing of journalist Jamal Khashoggi, developments related to Brexit, and Italy’s budget woes are keeping investors interested in gold, reported .
2. In the national capital, gold of 99.9 per cent and 99.5per cent purity declined by Rs. 50 each to Rs. 32,220 and Rs32,070 per 10 gram, respectively.
3. On Saturday, the precious metal had gained Rs. 45.
4. Sovereign remained steady at Rs. 24,700 per piece of eight gram.
5. In sync with gold, silver ready slipped by Rs. 100 to Rs39,500 per kg while weekly-based delivery fell by Rs. 36 to Rs. 38,759 per kg. Silver coins were unaltered at Rs. 75,000 for buying and Rs. 76,000 for selling of 100 pieces, reported .>