Gold continues slide on falling demand, global sell-off - Indian Express

Press Trust Of India : Mumbai, Sun Sep 22 2013, 01:10 hrs Gold prices slumped further at the domestic bullion market on Saturday due to consistent selling by stockists as well as subdued investment offtake amid bearish overseas sentiment. Silver too plummeted on the back of heavy speculative unwinding coupled with lower industrial demand. Standard gold of 99.5 per cent purity dropped by Rs 260 to conclude at Rs 30,000 per 10 gm from Friday's closing level of Rs 30,260. Pure gold of 99.9 per cent purity shed Rs 260 to end at Rs 30,145 per 10 gm. Silver (.999 fineness) plunged by Rs 1,320 to Rs 50,275 per kg from its overnight close of Rs 51,595. ALSO READ Two days, two central bankers catch markets on the wrong foot Rajan unmoved by US Fed effect, prepares shield for tough days ahead India to build world's largest solar power plant in Rajasthan US Fed shows red rag for market's bull run Please read our terms of use before posting comments 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). via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG21QSGMS3Lks0etWPWU8MhXLYjKQ&url=http://www.indianexpress.com/news/gold-continues-slide-on-falling-demand-global-selloff/1172440/

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