Gold prices fell by Rs. 55 to Rs. 32,945 per 10 grams at the bullion market on Tuesday due to tepid demand from jewellers, reported news agency, the All India Sarafa Association.
gold rate
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Gold Silver Reports (GSR) – Gold Rate Today – Gold prices fell in futures trade on Thursday as a rise in the domestic equity market lured investors away from the safe-haven metal.
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Gold Silver Reports (GSR) – With gold coming under attack from the twin threats of a strengthening US currency and dwindling safe-haven demand, investors are wondering what can revive interest in the metal.
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Foreign governments have begun reallocating at least part of their holdings to gold an old market stalwart that once underpinned the global monetary system, but fell out of favor when governments embraced deficit spending and paper money untethered from bullion.
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Muted Domestic Demand Hurt Gold Prices for Second Day
Gold Silver Reports (GSR) – Gold had shed ₹50 to ₹33,170 per 10 gram on Tuesday. Bucking the trend, silver prices however today gained ₹20 to ₹39,120 per kg, tracking higher demand from industrial units and coin makers.