Friday, July 11, 2025
spot_img

Gold slides on muted demand

Date:

Share post:

spot_imgspot_img

New Delhi: Gold prices on Thursday declined by Rs 50 to Rs 33,020 per 10 gram in the national capital on tepid demand from local jewellers amid weak trend in the global market, according to the All India Sarafa Association.

Silver too slipped Rs 175 to Rs 38,550 per kg on reduced offtake by industrial units and coin makers. Traders attributed the fall in the gold prices to subdued demand from local jewellers and weak trend overseas.

On Wednesday, the yellow metal had advanced by Rs 90. In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 50 each to Rs 33,020 and Rs 32,850 per 10 gram, respectively.

However, sovereign gold held steady at Rs 26,400 per piece of eight gram. Silver ready slumped by Rs 175 to Rs 38,550 per kg, while weekly-based delivery dropped Rs 183 to Rs 37,560 per kg. On the other hand, silver coins held flat at Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces. (PTI)

spot_imgspot_img

Related articles

22 Maoists, including eight females, surrender in Chhattisgarh

Raipur, July 11: In a significant development in Chhattisgarh's Narayanpur district, 22 Maoists laid down their arms on...

BJP looting land, forest, water: Rahul Gandhi at ‘save Constitution’ rally in Odisha

Bhubaneswar, July 11: Congress leader Rahul Gandhi on Friday targeted the BJP, alleging that the ruling party has...

Centre plans Rs 1,345 crore subsidy scheme to boost production of Rare Earth magnets

New Delhi, July 11: The Indian government has drawn up a scheme to offer subsidies to the tune...

We missed no targets in Pak, not even a glass pane broken in India: NSA Doval on Op Sindoor

New Delhi, July 11: National Security Advisor (NSA) Ajit Doval on Friday addressed the convocation ceremony at IIT...