 "Gold falls on profit booking")
Gold price fell 1.18% here on Tuesday due to profit booking by wary investors amid expectations of limited upside potential in bullion for near term.
Standard gold ended here at Rs 27,600 per 10 gms, a decline of Rs 330 from previous close of Rs 27,930 per 10 gms.
Silver also moved down to close at Rs 43,150 a kg on Tuesday from its previous close at Rs 43500 a kg. The decline can also be partly attributed to appreciation in the rupee which closed at 60.02 against 60.17 the previous day.
In London, gold recorded a decline to trade at $1265.79 late afternoon compared with $1,271.88 at the previous close.
Standard gold ended here at Rs 27,600 per 10 gms, a decline of Rs 330 from previous close of Rs 27,930 per 10 gms.
Silver also moved down to close at Rs 43,150 a kg on Tuesday from its previous close at Rs 43500 a kg. The decline can also be partly attributed to appreciation in the rupee which closed at 60.02 against 60.17 the previous day.
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In London, gold recorded a decline to trade at $1265.79 late afternoon compared with $1,271.88 at the previous close.