In Delhi, gold rates of 99.9% and 99.5% purity fell further by Rs 100 each to Rs 31,550 and Rs 31,400 per 10 gram, respectively. Photo: MintNew Delhi: Gold prices declined by Rs 100 to Rs 31,550 per 10 gram following slowing demand from local jewellers amid a weak global trend, reported PTI. Global gold prices rose marginally as investors largely discounted a US interest rate hike, but gains were limited as the dollar gained following reports of a row in Italy’s new government. Spot gold prices have closed in a range between $1,210 and $1,190 an ounce since Aug. 28. In line with gold, silver prices also fell by Rs 300 owing to reduced offtake by industrial units and coin makers, added the PTI report.

Source: Mint September 27, 2018 11:37 UTC