Gold price slip Rs85 on subdued demand, silver eases - News Summed Up

Gold price slip Rs85 on subdued demand, silver eases


Pure gold also moved down by similar margin to finish at Rs29,510 per 10 grams compared to Rs29,595 on Thursday. Photo: Pradeep Gaur/MintMumbai: Gold prices slipped by Rs85 after Thursday’s modest gain to finish at Rs29,360 per 10 grams at the bullion market here Friday following subdued demand from stockists and retailers. Standard gold (99.5 purity) declined by Rs85 to end at Rs29,360 per 10 grams from Thursday’s level of Rs29,445. Pure gold (99.9 purity) also moved down by similar margin to finish at Rs29,510 per 10 grams compared to Rs29,595 Thursday. Spot gold was trading flat at $1,267.46 an ounce in early European trade, while silver was up at $16.59 an ounce.


Source: Mint October 06, 2017 14:15 UTC



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