Diabytes
Gold rally News
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Gold's appeal to central banks is attributed to its physical properties, making it more suitable for reserve management.
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Besides, silver rates dropped by Rs 370 to Rs 40,680 per kg due to reduced offtake by industrial units and coin makers.
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Silver too drifted down by Rs 100 to Rs 41,000 per kg due to low offtake from industrial units and coin makers.
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Silver also followed suit and weakened by Rs 150 to Rs 41,100 per kg owing to reduced offtake by industrial units and coin makers.
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Traders said gold prices fell slightly by Rs 5 on weak demand, but a firm global trend overseas capped the fall.
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Silver, however, declined by Rs 130 to Rs 41,530 per kg due to subdued offtake by industrial units and coin makers.
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In previous three days, gold prices had increased by Rs 770.
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Silver, however, staged a strong recovery of Rs 310 to Rs 40,160 per kg due to increased offtake by industrial units and coin makers.
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Silver, however, turned weak due to reduced offtake by coin makers and consuming industries and lost Rs 250 to Rs 39,850 per kg.
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Silver, however, held steady at Rs 40,100 per kg on scattered demand from coin makers.
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Silver, however, advanced by Rs 180 to Rs 40,380 per kg on increased demand from industrial units and coin makers.
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Silver, however, declined by Rs 300 to Rs 40,200 per kg on subdued demand from industrial units and coin makers.
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Silver, too, followed the gold prices and gained Rs 250 to Rs 40,100 per kg on increased demand from industrial units and coin makers.
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Silver too slumped by Rs 60 to Rs 40,450 per kg on weak demand from industrial units and coin makers.
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Gold rose to a 2-1/2 week high on Tuesday, heading for its fifth session of gains on a weaker dollar and growing expectations that a U.S. interest rate increase could be pushed to September.
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