Gold prices drop Rs 300; silver tumbles Rs 1,400
Business | September 09, 2019 15:35 ISTSilver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram.
Silver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram.
The 24-karat gold jumped by Rs 900 to trade at Rs 90,000 per 10 gram against Wednesday's closing price of Rs 89,100 per tola, according to the Karachi Sarafa Association.
Gold prices on Thursday jumped Rs 250 to breach the record Rs 40,000 per 10 gram levels for the first time at the bullion market here on strong demand from investors amid growing fears of a global economic slowdown.
Gold is considered as the best investment for the future. As festivals and wedding season approaches, gold prices are on peak. Well, gold price today is Rs 38,465 per 10g in the national capital. But, do you any idea of gold rates in the neighbouring country Pakistan?
On the Multi Commodity Exchange, gold contracts for July delivery fell by Rs 207, or 0.59 per cent, to Rs 34,925 per 10 gram in a business turnover of 14,737 lots.
Gold prices on Friday plunged Rs 400 to Rs 35,400 per 10 gram in the national capital due to easing demand from local jewellers even as the precious metal gathered steam overseas, according to All India Sarafa Association.
Tracking gold, silver too increased by Rs 710 to Rs 39,060 per kg on increased offtake by industrial units and coin makers.
Gold prices rose by Rs 100 to Rs 33,720 per 10 gm at the bullion market in the national capital on Tuesday on the back of positive demand from local jewellers amid favourable trend overseas, according to the All India Sarafa Association.
Gold prices Monday fell by Rs 100 to Rs 33,620 per 10 gram in the national capital due to subdued demand from local jewellers and a weak trend overseas, according to the All India Sarafa Association.
In the previous session, gold had risen by Rs 200.
On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 157, or 0.49 per cent, at Rs 32,255 per 10 gram in a business turnover of 251 lots.
Globally, gold prices rose over the lingering US-China trade war, it further received support on the expectation of rate cut by the US Federal Reserve which dented on the American currency, say reports.
Gold prices are currently around the highest levels in the last few years. In Delhi, gold was priced around Rs 32,600 per 10 gram on Monday.
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