Silver drops further,gold also falls

Silver continued to slide at the bullion market due to heavy off-loading by stockists.

Silver continued to slide at the bullion market due to heavy off-loading by stockists and speculators amidst weak global cues.

Gold also declined owing to lack of local buying interest and jewellery demand.

Silver ready (.999 fineness) slumped by Rs 350 per kg to end at Rs 42,005 from overnight closing level of Rs 42,355.

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Standard gold (99.5 per cent purity) moved down by Rs 40 per 10 grams to close at Rs 20,345 from Rs 20,385 yesterday.

Pure gold (99.9 per cent purity) also fell by a similar margin to settle Rs 20,445 per ten grams as compared with Rs 20,485 previously.

In New York,gold for December delivery moved down by USD 10.60 to USD 1,362.40 an ounce on the Comex Division of NYMEX.

Silver for December delivery lost by 83 cents to USD 26.70 an ounce.

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Gold prices

Sushila Karki: Nepal’s first woman CJ — and now potentially its first woman PM

World8 hr ago

Nepalese jurist Sushila Karki, known for her anti-corruption stance, is a strong contender for interim prime minister. Despite lacking political experience, she has gained support from Gen Z protesters. The recent protests were triggered by a social media ban, but issues of corruption, economy, and joblessness have been simmering. Karki could make history as Nepal's first female prime minister.

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