Gold Silver Sentiment remained bearish on the back of a weak trend overseas as the dollar strengthened to a 10-week high against the yen, boosted by better-than-expected US gross domestic data for the fourth quarter, making bullion less attractive as a safe-haven investment, traders were quoted as saying in the PTI report. Gold prices had fallen by Rs. 570 in the previous two days.
Gold prices fell by Rs. 310 to Rs. 33,770 per 10 grams at the bullion market on Saturday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association.
Here are 5 things to know about gold prices, silver rates:
📌 Sovereign, however, remained unchanged at Rs. 26,500 per piece of eight grams.
📌 Silver ready fell by Rs. 730 to Rs. 39,950 per kg while weekly-based delivery dived Rs. 840 to Rs. 38,300 per kg. Silver coin, however, remained unaltered at Rs. 81,000 for buying and Rs. 82, 000 for selling of 100 pieces.
📌 In the national capital, gold of 99.9 per cent and 99.5 per cent purity dropped sharply by Rs. 310 each to Rs. 33,770 and Rs. 33,600 per 10 gram, respectively on Saturday.
📌 Globally, spot gold fell 1.52 per cent to $1,293.90 an ounce and silver by 2.47 per cent to $15.29 an ounce in New York.
📌 Silver rates also drifted lower by Rs. 730 to Rs. 39,950 per kg due to reduced offtake by industrial units and coin makers.
