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Gold loses shininess, dips below Rs 31,000 on international cues

Gold costs slouching by Rs 170 to trade at Rs 30,930 per 10 grams at the bullion market nowadays in a tandem bicycle with a weak trend overseas amid muted demand from jewellers at commodity exchange.

Silver conjointly plunged by Rs 900 to Rs 46,300 per weight unit on reduced offtake by industrial units and coin manufacturers.

Traders same fall in gold costs overseas and slide in demand from jewellers at the domestic spot markets principally weighed on the valuable metal costs here.

Globally, gold born one.7 percent to $ one,344.40 an oz in the big apple, the most important loss since May 24 in Friday’s trade.

In the urban center, gold of 99.9 and 99.5 per cent purity plunged by Rs 170 every to Rs 30,930 and Rs 30,780 per 10 grams, severally. It had gained Rs fifty on Friday.

Sovereign, however, remained flat at Rs 24,200 per piece of eight grams.

Also, silver prepared tumbled by Rs 900 to Rs 46,300 per weight unit and weekly—based delivery by Rs 1,400 to Rs 46,225 per kg.

In line with the overall trend, silver coins plummeted by Rs 1,000 to Rs 75,000 for getting and Rs 76,000 for marketing of one hundred items.


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