Gold weakens by Rs 110 despite Dhanteras buying

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Globally, gold fell 0.17 per cent to trade at USD 1,265.90 an ounce in Singapore, while silver shed 0.34 per cent to USD 17.53 an ounce.

Back home, gold 99.9 and 99.5 per cent purity fell by Rs 110 each to Rs 30,590 and Rs 30,440 per 10 gram, respectively.

Sovereign, however, continued to be enquired at Rs 24,500 per piece of 8 grams.

In futures trading, gold for delivery in December too was down by Rs 46, or 0.15 per cent at Rs 29,881 per 10 gram.

On the other hand, silver ready in restricted activity held steady at Rs 42,700 per kg, while weekly-based delivery was down Rs 15 at Rs 42,170 per kg.

Silver coins remained unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces on some support.

Gold prices have gone up by Rs 4,360, or 16.6 per cent, while silver has spurted by Rs 7,290, or 20.58 per cent from last year’s Dhanteras.

(Sourced from agencies, feature image courtesy:goodreturns.in)  

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