Gold slides on sluggish demand, silver eases

Gold slides on sluggish demand, silver eases
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

May 25, 2012, 11.50 PM | Source: PTI

Gold slides on sluggish demand, silver eases

Gold slides on sluggish demand, silver eases

Like this story, share it with millions of investors on M3

Gold slides on sluggish demand, silver eases

Gold slides on sluggish demand, silver eases

Post Your Comments

Share Cancel

Mumbai, May 25 (PTI) Gold prices dropped at the domestic bullion market here today due to sluggish demand at higher levels as also profit-taking by stockists and investors. Silver also eased on modest selling by speculators amid lower industrial offtake. Standard gold (99.5 purity) went down by Rs 165 to conclude at Rs 28,895 per 10 gms from overnight closing level of Rs 29,060. Pure gold (99.9 purity) also went down by a similar margin of Rs 165 to close at Rs 29,030 per 10 gms, as against the previous closing of Rs 29,195. Silver ready (.999 fineness) moved down by Rs 60 per kg to settle at Rs 54,360 against Rs 54,420 yesterday. Meanwhile, gold rebounded in European markets today in early trades after four session slide on the back of strengthening euro, though ongoing worries over Greece's exit from euro zone have made investors cautious. Spot gold was bid higher at USD 1,563.71 an ounce in early trade, while silver held almost steady at USD 28.28 an ounce.
Buy, Hold, Sell ? Hear it first on M3
Gold slides on sluggish demand, silver eases

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login