Monday, August 10, 2009

Gold prices fall on subdued demand

In the midst of the declining global trend, the gold prices reduced by Rs 45 to Rs 15,095 per ten gram in the national capital on reduced off take at existing higher levels. Additionally, by jewellery makers ahead of the festive period, silver recovered on increased off take. However, it is said that due to the declining global trend and the reduction in demand at higher levels led to the fall in gold prices.

While, standard gold and ornaments fell by Rs 45 each to Rs 15,095 and Rs 14,945 per ten gram respectively, sovereign remained flat at Rs 12,500 per piece of eight gram, whereas, on the other hand, silver prices recovered by Rs 50 to Rs 23,250 per kg and weekly-based delivery by Rs 75 to Rs 23,395 per kg while silver coins lost Rs 100 at Rs 29,600 for buying and Rs 29,700 for selling of 100 pieces on new arrivals.

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