In the domestic bullion market, gold became cheaper by Rs 767 per ten grams and silver by Rs 2230 per kg. Read this report of Dynamite News
Mumbai: Gold became cheaper by Rs 767 per 10 gram and silver by Rs 2230 per kg in the domestic bullion market last week due to fall in precious metals in overseas markets under pressure of dollar on global interest rate hike.
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In the reporting week, there was a declining trend in the precious metals in the global market. Spot gold fell by $ 35.19 an ounce to $ 1710.80 an ounce on the weekend.
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US gold futures also declined by $ 40.65 an ounce to $ 1711.15 an ounce. Similarly, silver spot fell by $ 1.1 an ounce to $18.03 an ounce on the weekend.
Last week, gold fell by Rs 767 to Rs 50500 per ten grams in the country’s largest futures market MCX on the weekend. During this, gold mini fell by Rs 886 to Rs 50390 per ten grams.
Similarly, silver became cheaper by Rs 2230 to Rs 52900 per kg during the period under review. Silver Mini also declined by Rs 2431 to Rs 54259 per kg on the weekend. (talk)