Gold slides by Rs. 75 on weak overseas market cues
The prices of gold came down by Rs. 75 and settled at Rs. 18,525 for every ten grams in New Delhi recently, as the prices of metal are declining in the international markets. Even the value of silver came down by Rs. 30 to settle currently at Rs. 28,950 per kg.
Sentiments revolving business and trade have a burdened feel as following gold the declining prices in metals may end up bringing down the U. S. economy growth in the international markets.
The trade of gold internationally has fallen by 0.3 per cent and settled at $ 1,181.30 dollar an ounce and it is this price usually which sets the standard price in the domestic market.
99.99 percent and 99.5 percent pure gold both saw a decline in their prices by Rs. 75 each to cost Rs. 18,525 and Rs. 18,425 for every ten grams respectively. Still it was Rs. 125 more than in the prior trading sessions.
The price of silver also came down by Rs. 30 to Rs. 28,950 per kg.
However, the price of silver coins remained constant at the previous prices, i. e. Rs. 34,100 for buying and Rs. 34,200 for selling for each 100 pieces.