Gold Silver Reports (GSR) – For some banks, this burgeoning affluence brightened an otherwise dreary postcrisis landscape. Giants including UBS, Morgan Stanley, and Bank of America seized the opportunity. With trading desks hamstrung by a flurry of new rules, banks set out to woo the growing ranks of the super rich.
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Silver Prices Drop Rs 500 on Weak Demand, Gold Rates Fall Rs 200
Gold Silver Reports (GSR) – Silver, too, slumped by Rs 500 to Rs 37,300 per kg owing to reduced demand from industrial units.
Gold Prices Slip for 3rd Day in a Row, Silver Rates Decline
Gold Silver Reports (GSR) – Gold prices had declined by Rs 150 in the past two days. Tracking gold, silver rates also dropped by Rs 100 to Rs 37,800 per kg. Prices of gold of 99.9% and 99.5% purity declined by Rs 50 each to Rs 31,950 and Rs 31,800 per 10 gram respectively. Sovereign gold held flat at Rs 24,800 for piece of 8 gram on scattered support.
Gold Prices Fall For Second Day, Silver Rates Decline
Gold Silver Reports (GSR) – Gold rates today slipped by Rs 100 to Rs 32,000 per 10 grams. Steady global prices capped the fall in domestic gold rates, traders said. Tracking gold, silver rates today fell by Rs 200 to Rs 37,900 per kg, hurt by lower offtake by industrial units and coin makers. Prices of gold of 99.9% and 99.5% purity fell by Rs 100 each to Rs 32,000 and Rs 31,850 per 10 gram, respectively.
Gold Futures Slide on Weak Global Cues – Gold Silver Reports
Gold Silver Reports (GSR) – At the Multi Commodity Exchange, gold prices for delivery in December was down by Rs 77, or 0.25 percent, to Rs 30,802 per 10 gram in a business turnover of 109 lots.