NEW DELHI, MARCH 9:
Gold prices went down for the fourth straight day — this time by Rs. 250 — to Rs. 29,250 per 10 grams, in sync with a weak global trend amid slack demand from local jewellers.Silver also cracked below the Rs. 42,000-mark by plunging Rs. 600 to Rs. 41,500 per kg due to reduced offtake by industrial units and coin makers.Traders said gold fell globally on the growing buzz that the US interest rate is set to go up next week, which would reduce the appeal for the metal as an alternative asset.Globally, gold fell 0.3 per cent to $1,204.28 an ounce in Singapore.In addition, dwindling demand from local jewellers and retailers at the domestic spot market following the end of the wedding season kept the prices depressed.In the national capital, gold of 99.9 per cent and 99.5 per cent purity plunged Rs. 250 each to Rs. 29,250 and Rs. 29,100 per 10 grams, respectively. The precious metal had lost Rs. 600 in the previous three sessions.Sovereign also declined by Rs. 100 to Rs. 24,300 per piece of eight grams.Following gold, silver ready dropped further by Rs. 600 to Rs. 41,500 per kg and weekly-based delivery by Rs. 785 to Rs. 41,155 per kg.Silver coins too nosedived by Rs. 2,000 to Rs. 70,000 for buying and Rs. 71,000 for selling of 100 pieces
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BENGALURU, FEB 27:
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