New Delhi: Gold plunged by Rs 260 to Rs 25,390 per ten grams in the last trading day of 2015 at the bullion market today, tracking a weak trend overseas amid muted demand from jewellers.
The precious metal has lost further sheen for the third year in a row and recorded a steep fall of Rs 1,550 per ten grams largely on weak global cues amid the government seeking to monetise the gold holdings lying idle with households and institutions.
- Silver also remained under selling pressure and traded further down by Rs 250 to close at Rs 33,300 per kg.
- Globally, gold fell 0.76 percent to USD 1,060.90 an ounce and silver shed 0.47 percent to USD 13.88 an ounce in New York in yesterday's trade.
- In Delhi, gold of 99.9 and 99.5 percent purity tumbled by Rs 260 each to Rs 25,390 and Rs 25,240 per ten grams respectively.
- Tracking gold, silver ready fell by another Rs 250 to Rs 33,300 per kg and weekly-based delivery by Rs 142 to Rs 33,448 per kg.
- Silver coins too plummeted by Rs 2,000 to Rs 46,000 for buying and Rs 47,000 for selling of 100 pieces.
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