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  1. #1
    YouR De$i RaPPeR
    Join Date
    Jun 2009
    Spain BCN (Barcelona)

    Default Silver, Gold down

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    Snapping the four session rally, the precious metals declined today as Silver tumbled by Rs 185 per kg to Rs 28,000 and Gold went down by Rs 110 per ten gm to settle at Rs 16,760 on lack of buying enquiries from industrial users, traders at the Bombay Bullion Association (BBA) said.

    The white metal was down by Rs 220 per kg in the opening session following sluggish demand from local dealers. At the end of the day, Silver finished at Rs 28,000, with a loss of Rs 185 from its last close on lower buying support from ornament makers.

    Standard Gold fell by Rs 95 and Rs 90 for pure Gold on sustained selling pressure from stockists.

    At the end of the day, standard and pure gold ended weaker by Rs 110 and Rs 105 per ten gm respectively to settle at Rs 16,760 and In the last four sessions, Silver moved up by Rs 705 per kg and Gold by Rs 370 per ten gm.

    In London and Asian markets, Gold was quoted weak at USD 1104.00/1104.02 per troy ounce and Silver at USD 17.45/17.46 per troy ounce from their previous close, traders added.

    Following were the closing rates of spot silver and gold: Silver (per kg).999 grade : Rs 28,000 (28,185) Gold (per 10 gm): Gold 99.5 purity Standard mint : Rs 16,760 (16,870) Gold 99.9 purity Pure gold : Rs 16,850 (16,955)


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