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Gold Dips Rs 300, Silver Falls Rs 1000

Gold Dips Rs 300, Silver Falls Rs 1000

Gold Dips Rs 300, Silver Falls Rs 1000
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25 Oct 2024 2:21 PM IST

New Delhi: Gold and silver prices retreated from record levels in the national capital on Thursday due to tepid demand from jewellers, according to the All India Sarafa Association. Taking a breather, gold prices of 99.9 per cent purity declined by Rs300 to Rs81,200 per 10 grams from the record high level of Rs81,500 per 10 grams. Silver prices also plunged by Rs1,000 to Rs1.01 lakh per kg, snapping the six-day winning streak on Thursday due to reduced offtake by industrial units and coin makers. The yellow metal of 99.5 per cent purity fell by Rs300 to Rs80,800 per 10 grams against the previous close of Rs81,100 per 10 grams on Wednesday. In the international markets, Comex gold futures rose 0.73 per cent to $2,749.30 per ounce. Comex silver futures quoted 1.72 per cent higher to $34.42 per ounce in the Asian market hours. Poor demand from jewellers in the local market dragged the prices of the precious metal while firm global trends restricted losses, traders said.

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