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June 25, Sunday 2017 10:44 PM       

       HEADLINES: Handwriting is not that of Pulsar Suni’s, Dilip’s statement to be recorded                                              Woman tied to tree and assaulted, an insult to state, says Chennithala                                              Telephonic conversation between Dilip’s manager and Vishnu exposed                                              Unexpected hurricane at Kundamkulam                                              K R Mohanan dies                                              Five more TN fishermen arrested by Sri Lankan Navy                                              Modi greets nation on Eid, says diversity is India's strength                                              123 killed, 100 injured as oil tanker explodes in Pak                                              Malaysia-bound AirAsia flight ‘shaking like washing machine’ returns to Aus                                              Shiv Kapur makes cut, but slips to T-42nd in Germany                                              Super Srikanth lifts Australian Open Super Series                                              BAI announces Rs 5 lakh for Srikanth                                              Kaumudi Facebook
       BUSINESS Next Article: Rupee opens lower by 15 paise against dollar  
       Gold loses sheen on weak global cues, muted demand
 
         Posted on :15:34:37 Jun 16, 2017
   
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       Last edited on:15:34:37 Jun 16, 2017
         Tags: Gold, global cues, muted demand
 
NEW DELHI: Gold continued its slide for the third straight day and lost another Rs 50 to Rs 29,115 per 10 grams tracking weak global cues and muted demand from local jewellers at the bullion market today.
 
Silver also declined by Rs 50 to Rs 39,050 per kg due to reduced offtake by industrial units and coin makers.
 
Traders said, besides weak trend overseas as upbeat US economic data strengthened the dollar and eroded demand for the precious metals, fading demand from local jewellers and retailers at domestic spot market, mainly kept pressure on gold prices.
 
Globally, gold fell by 0.51 per cent to USD 1,253.70 an ounce and silver by 0.80 per cent to USD 16.73 an ounce in New York in yesterday's trade.
 
In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell further by Rs 50 each to Rs 29,115 and Rs 28,965 per 10 grams, respectively. The precious metal has lost Rs 155 in last two days.
 
Sovereign, however, remained flat at Rs 24,400 per piece of eight grams.
 
In sync with gold, silver ready eased by Rs 50 to Rs 39,050 per kg and weekly-based delivery traded lower by Rs 200 to Rs 38,765 per kg.
 
On the other hand, silver coins remained steady at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
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       BUSINESS
Next Article: Rupee opens lower by 15 paise against dollar
 
 
BUSINESS HEADLINES
Rupee halts 3-day slide v/s USD; up 7 paise at 64.52  
Spice GST Suvidha provider is all geared up for July 1st  
Sensex tumbles 153 pts on profit-booking  
Sensex hits all-time high of 31,522  
RBI to keep rates unaltered in near term: D&B  
Sensex surrenders record gains on GST blues, mixed global cues  
GST to be rolled at midnight June 30: Jaitley  
India plans SAARC meet for startups: Nirmala  
Rupee gains 11 paise against dollar, stocks play anchor  
"Rs 700 cr worth of Momentum Jharkhand proposals implemented"  
JK govt to seek complete consensus before GST implementation  
Mobile data consumption rose 142% in last 3 yrs: Kant  
Gold loses sheen on weak global cues, muted demand  
Rupee opens lower by 15 paise against dollar  
Nifty ends below 9,600 post Fed rate hike  
Paytm, 1mg offer discounts ahead of GST  
Customers may get Rs 5,000 if int'l SIM card fails  
Sensex closes higher, Nifty advances as inflation cools  
RBI issues new Rs.500 bank notes with inset letter 'A'  
Govt close to resolution on stressed power projects: Goyal  
Inflation at record low of 2.18%; factory output slows to 3.1%  
Cut down on salads to save costs: AI staff  
GST: Lowers tax for 66 items, price of coir and cashew to go down  
GST Council revises rates for cinema tickets  
GoAir to launch additional flight on Delhi-Patna route  
 
Actress case: Do you think Pulsar Suni's letter is part of a conspiracy?
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