Gold, silver shrink in line with Street
Gold faced pressure for the second day in a row on the local bullion market on Tuesday on fears about global financial markets.
By TNN |
MUMBAI: Gold faced pressure for the second day in a row on the local bullion market on Tuesday on fears about global financial markets.
Even gold's traditional appeal as an alternative tool for investment in times of economic uncertainty has failed to lure bullion investors. Silver also felt the tremor and closed with hefty losses.
Standard gold (99.5) lost Rs 15 at Rs 8,800 per 10 gm in Mumbai, Rs 10 at Rs 8,940 in Kolkata and Rs 5 at Rs 8,830 in Chennai. It gained Rs 10 at Rs 8,920 in Delhi. Ready silver (.999) lost Rs 250 at Rs 16,600 a kg in Delhi, Rs 160 at Rs 16,535 in Chennai, Rs 150 at Rs 16,800 in Kolkata and Rs 120 at Rs 16,940 in Mumbai.
Even gold's traditional appeal as an alternative tool for investment in times of economic uncertainty has failed to lure bullion investors. Silver also felt the tremor and closed with hefty losses.
Standard gold (99.5) lost Rs 15 at Rs 8,800 per 10 gm in Mumbai, Rs 10 at Rs 8,940 in Kolkata and Rs 5 at Rs 8,830 in Chennai. It gained Rs 10 at Rs 8,920 in Delhi. Ready silver (.999) lost Rs 250 at Rs 16,600 a kg in Delhi, Rs 160 at Rs 16,535 in Chennai, Rs 150 at Rs 16,800 in Kolkata and Rs 120 at Rs 16,940 in Mumbai.
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