New Delhi: Gold prices retreated from two-month high by falling Rs 200 to Rs 26,250 per ten gram at the bullion market today largely in tandem with a weak trend overseas amid easing spot demand from jewellers.
- Silver also recorded a fall of Rs 355 to Rs 33,500 per kg due to reduced off-take by industrial units and coin makers.
- Globally, gold fell by 0.94 percent to USD 1,094.20 an ounce and silver by 0.54 percent to USD 13.85 an ounce in New York in yesterday's trade.
- Meanwhile, gold had climbed 3.4 percent this year so far on increased geopolitical tensions in the Middle East and North Korea, renewed concerns about China's outlook and a rout in global equities.
- In the national capital, gold of 99.9 and 99.5 percent purity plunged by Rs 200 each to Rs 26,250 and Rs 26,100 per ten grams respectively. I
- Sovereign followed suit and declined by Rs 100 to Rs 22,300 per piece of eight grams.
- Tracking gold, silver ready also dropped by Rs 355 to Rs 33,500 per kg and weekly-based delivery by Rs 275 to Rs 33,525 per kg.
- Silver coins too plummeted by Rs 1,000 to Rs 48,000 for buying and Rs 49,000 for selling of 100 pieces.
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