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06-25-2012, 08:41 PM #1
Gold declines by Rs 180; silver gains Rs 225A divergent trend was seen in the bullion market here on Monday as gold fell by Rs 180 to Rs 30,270 per 10 grams, while silver gained Rs 225 to Rs 53,200 per kg.
Traders said gold declined on stockists selling, driven by a weak global trend where a stronger dollar curbed the demand for the metal as an alternative investment.
Silver, on the other hand, gained on buying by industrial units, they added.
In London, gold fell by 0.2 per cent to $1,569.78 an ounce and silver shed by 0.7 per cent to $26.735 an ounce.
Besides fall in demand at existing high higher levels kept pressure on the precious metalís prices.
On the domestic front, gold of 99.9 and 99.5 per cent purity fell by Rs 180 each to Rs 30,270 and Rs 30,070 per 10 grams.
Sovereign remained steady at Rs 24,450 per piece of eight grams....being a human...