INSUBCONTINENT EXCLUSIVE:
Gold, silver prices today: he precious metal had gained Rs 270 in the last three days.Snapping its three-day rising streak, gold prices
edged lower by Rs 100 to Rs 31,250 per 10 gram at the bullion market on Monday, reported news agency Press Trust of India (PTI)
by industrial units and coin makers.Here are key things to know about gold prices, silver rates today:1
According to market experts, sentiment turned bearish on the back of weak trend overseas where gold edged lower with prices breaking back
below the psychological $1,200 level
Gold fell today as the dollar remained firm on worries over intensifying Sino-US trade tensions, especially after an impasse in trade talks
Globally, gold fell by 0.17 per cent to $ 1,198.80 an ounce and silver by 0.52 per cent to $14.43 an ounce in Singapore.3
Fall in demand from local jewellers and retailers at existing levels in the domestic spot markets, too, dampened the sentiments today, said
In the national capital, gold of 99.9 and 99.5 per cent purity declined by Rs 100 each to Rs 31,250 and Rs 31,100 per 10 gram,
traded fund has experienced withdrawals on a daily basis
Focus for this week will be on US nonfarm payrolls numbers which will come on Friday
According to Bloomberg forecast, that data is likely to be positive and hence negative for the yellow metal", said Jigar Trivedi,
Fundamental Research Analyst, Commodities, Anand Rathi.7
Silver coins dropped by Rs 1,000 to Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces
