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July 20, Friday 2018 8:47 AM       

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       Gold falls by Rs 95, silver eases on reduced offtake
 
         Posted on :22:29:30 Jul 3, 2018
   
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       Last edited on:22:29:30 Jul 3, 2018
         Tags: Gold, offtake
 
Mumbai: Gold prices went down by Rs 95 per 10 grams in the bullion market here today, mostly on account of weak demand from jewellers even as the metal rose overseas.
 
Silver, however, continued its fall for the third session and lost another Rs 90 per kg owing to reduced offtake by industrial units.
 
Standard gold (99.5 per cent purity) dropped by Rs 95 to close at Rs 30,265 per 10 grams from Monday's level of Rs 30,360.
 
Pure gold (99.9 per cent purity) also dipped by the same amount to finish at Rs 30,415 per 10 grams as compared to Rs 30,510 yesterday.
 
Silver (.999 fineness) declined by Rs 90 per kg to end at Rs 39,040 as compared to Rs 39,130 previously.
 
Globally, gold prices recovered from a nearly seven-month low as dollar eased and Asian shares sank amid heightening trade friction between the United States and major economies.
 
Spot gold was up 0.3 per cent at USD 1,244.72 an ounce in early trade.
 
In other precious metals, silver climbed 0.5 per cent to USD 15.91 an ounce
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       BUSINESS
Next Article: No plans to close operations at Brady House branch in Mumbai:PNB
 
 
BUSINESS HEADLINES
Sensex slides 146 pts on profit-booking, political developments  
India prepared to impose 'safeguards' if steel imports rise: government source  
Nickel falls on lower demand  
May announces new 2 bn pounds UK-Italian fighter jet project  
Infosys shares soar 6% after Q1 earnings  
Rupee slips 6 paise against US dollar  
Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar  
India to be $10 trillion economy by 2030: Garg  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
India to be $10 trillion economy by 2030: Garg  
Markets slip from record to end flat on profit-booking  
Markets slip from record to end flat on profit-booking  
No question of closure of DCI; 3 ports to pick up govt stake: Gadkari  
Retail inflation rises to 5 percent in June  
Retail inflation soars to 5% in June, IIP presides to 3.2% in May  
Indian Army signs MoU with SBI on salary package  
US dollar ends sharply lower against rupee  
Gold, silver recover on mild demand  
BSNL starts first internet telephony service in India  
Sensex nears all-time high; TCS shines on Q1 show  
Gold futures gain 0.06% on global cues  
Goyal asks Coal India to ensure supply for power sector  
Grex Alternative Investments Market looks to raise $100 mln  
Cong targets PM over fall in value of Rupee  
Set up central agency to evaluate big loan proposals: ICAI  
 
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