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Gold And Silver Prices
Gold price slipped below Rs 89,000 per 10 grams in the national capital on Friday due to subdued domestic demand, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity dipped by Rs 200 to Rs 88,900 per 10 grams registering its second day of decline. Gold of 99.5 per cent purity also went lower by Rs 200 to Rs 88,500 per 10 grams. Traders said reduced demand from local jewellers as well as retail buyers led to the fall in gold prices. However, silver climbed by Rs 500 to Rs 99,500 per kilogram extending the gains for the fourth straight day. In the past four sessions, the white metal had advanced by Rs 3,100. In futures trade on the MCX, gold for April delivery slipped by Rs 50 to Rs 85,983 per 10 grams. On the global front, gold futures were trading flat at USD 2,929.30 per ounce. Meanwhile, spot gold rose USD 10.14 or 0.35 per cent to USD 2,921.94 per ounce. Silver futures, however, in the Asian market hours quoted 0.17 per cent lower at USD
Gold prices jumped by Rs 250 to Rs 89,350 per 10 grams on Tuesday extending gains for the second day amid depreciation in rupee, according to the All India Sarafa Association. The gold of 99.5 per cent purity rose by Rs 250 to Rs 88,950 per 10 grams from the previous close of Rs 88,700 per 10 grams. On February 20, gold of 99.9 per cent and 99.5 per cent purity hit all-time highs of Rs 89,450 and Rs 89,050 per 10 grams, respectively. However, silver prices slipped below the Rs 1 lakh mark, falling by Rs 500 to Rs 99,500 per kg. "Silver fell due to weakness in the industrial metals and rebound in the dollar index. Global equity markets are also struggling due to Trump's tariff fears and pressure on industrial metals but reversal in the US Treasury yields could support silver prices at lower levels," Rahul Kalantri, VP Commodities at Mehta Equities Ltd, said. On Tuesday, the rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar due to month-end dollar