INSUBCONTINENT EXCLUSIVE:
Gold price today: Sovereign gold also dropped Rs 100 to Rs 28,700 per eight grams.Gold prices slumped by Rs 425 to Rs 37,945 per 10 grams in
Delhi on Wednesday, reported news agency Press Trust of India (PTI)
The fall came due to easing of demand from jewellers in the domestic spot market, the reported quoted traders as saying
However, positive trend overseas capped the fall in prices, they added
The yellow metal had dropped by Rs
38,370 per 10 grams on Tuesday
Silver prices also declined by Rs 690 to Rs 44,310 per kilogram
The white metal fell on reduced offtake by industrial units and coin makers.1
Globally, gold prices edged lower on Wednesday after the United States delayed tariffs on some Chinese imports, easing trade concerns,
although political uncertainties and lingering global growth concerns limited losses for the safe-haven metal, reported news agency
Spot gold was down 0.1 per cent at $1,499.89 per ounce in intraday trade
US gold futures were down 0.2 per cent at $1,510.80 an ounce.5
Silver ready plunged by Rs 690 to Rs 44,310 per kilogram, while weekly-based delivery price plummeted by Rs 1,050 at Rs 43,230 per kg
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