Precious metals decline

Print this page Posted on : 07-27-2007 by recycleinme.com

Gold prices declined for the fourth successive day on the bullion market on Thursday due to lack of local demand coupled with stockists offerings on the back of fall in the global markets.

Silver also moved down further on lack of industrial demand.

Standard gold (99.5 purity) dropped by Rs.50 per ten gm to Rs.8,830 from Rs.8,880 previously.

Pure gold (99.9 purity) fell by Rs.45 per ten gm to Rs.8,880 from Rs.8,925.

Silver ready (.999 fineness) slipped by Rs.90 per kg to Rs.18,085 from Rs.18,175.

Chennai : Bar Silver: Rs.17,850; retails silver (per gm): Rs.19.10; Standard gold: Rs.8,895 ; retail ornament gold: (22 carat per gm): Rs.824.

Hyderabad : Standard gold (24 carat) per 10 gm: Rs.8,990; ornamental gold (22 carat) per 10gm: Rs.8,750-8,800; silver (.999) (per kg): Rs.17,900.

Kolkata : Silver ready: Rs.17,800; Gold ready : Rs.9,005.

Source : Business Line