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शुक्रवार, अगस्त 18, 2017

Gold and silver prices fall due to weak demand

Gold prices in Delhi's Sarafa market have been reported. Gold prices have dropped below the level of 30,000 in the Friday session. Gold prices fell by Rs 190 to Rs 29,860 This weakness in prices has been seen due to demand for local jewelers. Similarly, silver has come down by Rs 200 to Rs 40,000 per kg. Silver prices have declined due to weak lifting from the industrial units and coin makers.

Traders believe that due to lack of demand from jewelers and retailers in the house market, pressure has been seen on gold prices. But positive global cues have limited the decline. Globally, gold in Singapore rose by 0.44 per cent to USD 1,293.20 an ounce and silver by 0.56 per cent to $ 17.10 an ounce.

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