SARFAHA MARKET: Gold prices fall by Rs 65

BTNEWS ENGLISH Dec 6, 2018

credit: third party image reference

Gold prices continued to decline for the third consecutive day and gold prices fell by Rs 65 to Rs 31,475 per ten gram in Delhi Sarfra Market on Friday on the weak trend overseas. In the last two trading sessions, there was a decline of Rs 310 in gold. In addition, silver prices declined by Rs 85 to Rs 37,075 per kilogram due to lack of industrial units and coin makers.

#

1. Sarfra traders said that along with improving the value of the rupee, gold declined due to the weak demand of foreign markets.

credit: third party image reference

#

2. Slow demand from retailers along with retailers has also put pressure on the prices.

3. In the day's trading in the foreign exchange market, the rupee reached five-month high level of Rs 69.80 per dollar, up five paise against the US currency.

#

4. 99.9 per cent and 99.5 per cent purity of gold fell by Rs 65 - 65 to Rs 31,475 and Rs 31,325 per ten gram respectively. However, the eight-gramy gini remained at the level of Rs 24,700 per unit.

credit: third party image reference

#

5. In New York, gold was trading at $ 1,224.10 per ounce, while silver was trading at $ 14.31 an ounce. Meanwhile, silver coins declined by Rs 85 to Rs 37,075 per kg while weekly delivery of Rs 258 declined to Rs 35,606 per kilo.

wemedia logo Powered by RozBuzz Wemedia

RELATED ARTICLE