Tuesday, 21 July 2015

Gold Hits four Year Low On Weak Global Cues, Down Rs 150 for 21 July 2015

Falling for the third straight day, gold prices dived by another Rs 150 to trade at almost four-year low of Rs 25,550 per 10 grams at the bullion market today after the yellow metal tumbled for the ninth straight day in global market. Furthermore, absence of seasonal buying by jewellers also weighed on the gold prices. In line with overall trend, sovereign fell by Rs 200 to close the day at Rs 22,500 per piece of eight grams. However, silver ready recovered by Rs 100 to Rs 34,300 per kg and weekly-based delivery by Rs 350 to Rs 33,950 per kg. Silver coins remained unchanged at Rs 49,000 for buying and Rs 50,000 for selling of 100 pieces.

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