Gold Prices Drop, Silver Follows Suit: 5 Things To Know

INSUBCONTINENT EXCLUSIVE:
Gold, silver prices today: Sovereign gold remained steady at Rs 24,700 per piece of 8 gram.Gold prices fell by Rs 70 to Rs 32,180 per 10
gram at the bullion market on Tuesday owing to slackened demand from local jewellers amid a weak trend overseas, reported news agency Press
Trust of India (PTI)
Silver rates also followed suit and eased by Rs 50 to Rs 39,700 per kg, hit by lower demand from industrial units and coin makers
In the national capital, gold of 99.9 per cent fell by Rs 70 to Rs 32,180 per 10 gram, while 99.5 per cent purity lost Rs 80 to Rs 32,020
per 10 gram
Sovereign gold, however, remained steady at Rs 24,700 per piece of 8 gram
Silver ready slipped by Rs 50 to Rs 39,700 per kg, while weekly-based delivery's decline was steeper, which fell by Rs 160 to Rs 39,100
Globally, gold fell by 0.07 per cent to $1,226.90 an ounce and silver by 0.20 per cent to $14.73 an ounce in Singapore
Diversion of funds towards rising equity markets also dampened the sentiment, traders said
Gold prices held steady on Tuesday near last session's 2-1/2-month high as risk-averse investors sought refuge in the metal amid rising
remains down nearly 10 percent from its April peak after investors preferred the dollar as the US-China trade war unfolded against a
background of higher United States interest rates.5