New Delhi: Gold prices dipped by Rs 90 to trade at over four-month low of Rs 25,525 per ten grams, extending its slide for the third straight day at the bullion market today, tracking a weakening global trend and muted demand from jewellers. Silver too remained under selling pressure and shed another Rs 100 at Rs 34,000 per kg.
- Globally, gold fell 0.1 percent to USD 1,056 an ounce, after dropping on Friday to USD 1,052.83, the lowest level since February 2010 in Singapore.
- In the national capital, gold of 99.9 and 99.5 percent purity fell further by Rs 90 each to Rs 25,525 and Rs 25,375 per ten grams, respectively, a level last seen on July 21.
- The precious metals had lost Rs 205 in the precious two days.
- Sovereign, however, edged up by Rs 100 to Rs 22,200 per piece of eight grams.
- Tracking gold, silver ready eased by Rs 100 to Rs 34,000 per kg and weekly-based delivery by Rs 120 to Rs 33,580 per kg.
- Silver coins held steady at Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
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