• Silver staged a comeback by rising Rs 300 to Rs 36,800 per kg following buying support from industrial units.
  • Traders said easing demand from jewellers and retailers at prevailing levels mainly led to decline in gold prices.
  • A firming trend overseas where gold rallied as data showed Chinese manufacturing contracted for the record seventh month boosting demand for the safe haven, capped the fall.
  • Globally, gold rose 0.8 percent to USD 1,248.67 an ounce in Singapore.
  • In the national capital, gold of 99.9 percent and 99.5 percent purity shed Rs 5 each at Rs 29,400 and Rs 29,250 per 10 grams, respectively. It had gained Rs 155 yesterday.
  • Sovereign, however, continued to be traded at the previous level of Rs 23,000 per eight grams in limited deals.
  • On the other hand, silver ready recovered by Rs 300 to Rs 36,800 per kg and weekly-based delivery by Rs 180 to Rs 36,250 per kg.
  • Meanwhile, silver coins held steady at Rs 55,000 for buying and Rs 56,000 for selling of 100 pieces.

Latest News  from Business News Desk