Bullion prices News
Silver also reclaimed the Rs 40,000-level per kg by gaining Rs 240, backed by an increased offtake by industrial units and coin makers.
However, silver prices recovered by Rs 75 to Rs 39,050 per kg on scattered enquiries from industrial units and coin makers.
CPM forecast net gold investment at 20.3 million ounces during 2018, a 6.6 percent rise from its 19.1 million ounces in 2017, and the highest increase since 2016 when it rose 23.9 percent to 26.1 million ounces.
Traders attributed the slide in silver prices to a reduced offtake by industrial units and coin makers at the local spot market.
Silver too shed Rs 90 to Rs 39,210 per kg due to reduced offtake by industrial units and coin makers.
Silver also recovered by Rs 150 to Rs 39,200 per kg on increased offtake by industrial units and coin makers.
Silver dropped further by Rs 300 to Rs 39,500 per kg due to reduced offtake by industrial units and coin makers.
In the national capital, silver ready plunged by Rs 500 to Rs 39,800 per kg and weekly-based delivery by Rs 835 to Rs 38,605 per kg.
In Delhi, the price of 22-carat gold was Rs 29,700 and that of 24-carat gold was Rs 32,400 per 10 gram.
Gold made some decent recovery by rising Rs 50 to 30,700 per 10 grams at the bullion market in the national capital today, aided by increased buying by jewellers to meet wedding season demand coupled with a firm global trend.
Gold prices held steady early on Tuesday on an easing dollar and weaker Asian stocks, after the metal surged to near two-year highs the session before.
Gold prices drifted lower by Rs 25 to Rs 30,025 per 10 grammes at the bullion market today as demand eased from jewellers and retailers at prevailing levels even as the metal strengthened overseas.
Silver, however, remained under selling pressure and dipped below Rs 37,000 by falling another Rs 175 at Rs 36,900 per kg on poor off-take by industrial units and coin makers.
Snapping its two days of gains, gold prices fell Rs 150 to Rs 27,150 per 10 grams in the bullion market on Friday, tracking a weak global trend amid easing demand from jewellers at prevailing levels.
In the international market silver rose by 4.30 percent to USD 20.76 an ounce in New York yesterday.
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