Gold, silver tank to hit 4-month lows on selling
Press Trust of India : Mumbai, Sat Dec 22 2012, 00:53 hrs
Related
Top Stories
- UPA-2 anniversary today, to showcase achievements of UPA-1
- 1993 Mumbai blasts: Sanjay Dutt shifted to Pune's Yerwada Jail
- Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police
- BCCI cashes Pune guarantee, Sahara walks out of IPL
- BSE Sensex opens in green, up 91 points in early trade
Gold prices tumbled to hit nearly four-month lows at the bullion market here today on hectic selling by stockists and investors in the backdrop of sharp fall in global markets.
Silver also plunged to revisit Rs 57,000 per kg level on frantic speculative profit-taking amid subdued industrial demand. Standard gold (99.5 purity) dropped by Rs 230 per 10 gram to close at Rs 30,365 from Thursday's closing level of Rs 30,595.
Pure gold (99.9 purity) fell by Rs 240 per 10 gram to finish at Rs 30,495 from Rs 30,735.
Silver ready (.999 fineness) tanked by Rs 1,765 per kg to conclude at Rs 57,830 as compared to Rs 59,595 previously.
"Both the precious metals got bogged down by overseas sell-off," a dealer said.
Please read our terms of use before posting comments
SC annuls Orissa HC order on iron ore licence to Posco
Karnataka elections over, diesel prices up by 90 paise
Inflation-linked bonds to debut soon
Kelkar panel on natural gas pricing likely to endorse Rangarajan formula
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
Editors’ Pick
- Fixing probe now reaches Bollywood, son of Dara Singh held
- BCCI cashes Pune guarantee, Sahara walks out of IPL
- Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police
- Delhi firm with MoD as client is linked to Pak cyberattacks
- After Infosys, iGATE sacks Phaneesh Murthy for sexual misconduct
- 2 weeks after harassment, Haryana schoolgirls return, cops in tow
- UPA-2 anniversary today, to showcase achievements of UPA-1
