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Gold falls down to 9-month low at Rs 8,520

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  1. #1
    saniya_mehra
    saniya_mehra is offline Newbie

    Gold falls down to 9-month low at Rs 8,520

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    Gold falls down to 9-month low at Rs 8,520

    MUMBAI, JULY 7: Gold prices have been fallen across the board yesterday because stockists have sold a part of their holdings after a sudden fall in global prices. In European trading, gold metal came under selling pressure in early trade as the dollar rose against other major currencies. On the other hand, the metal bounced back in late buying on renewed fund buying after the US currency erased early gains.


    Gold in abroad markets, which normally set a price band in the familial market, shed $2.25 an ounce to $647.25 an ounce which increased offerings from stockists, sources in the market said.

    Turning to gold, Mumbai suffered the most where standard gold (99.5) tumbled to nine-month low of Rs 8,520, down Rs 105 per 10 gm over the previous close of Rs 8,625. In Chennai, the precious metal dropped Rs 90 per 10 gm at Rs 8,575 followed by a fresh loss of Rs 85 at Rs 8,665 in Delhi. In London spot gold after touching an inter-day low of $645 an ounce, the lowest since June 28, bounced back to $652.30/653, as against $649.30/$650.10 in New York on Thursday.

    In silver, Chennai lost the most as ready silver (.999) slummed to Rs 16,885, down Rs 225 per kg. In Mumbai, the metal dropped Rs 205 at Rs 17,285 per kg.

    In Delhi, it did so and closed Rs 130 lower at Rs 17,100 per kg. In London, silver was up 1 cent at $12.49/12.53 an ounce.




    By Saniya Mehra



  2. #2
    tintontomy Guest

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  3. #3
    tintontomy Guest

    Friendship

    Frienship is the best award in our life.We should make friends to live life.Without friends we can't enjoy or live life.We can share our sentiments with our friends.So it is a necessary thing in our life.Life has different colors ,in this way there are different types perasons.Only we have to intract with them,then only we know what are the qualities of the persons.There are two types of persons one is Good and another is Bad.We should walk in the way of Good.

  4. #4
    tintontomy Guest

    Friendship

    Friendship is the best award in our life.We should make friends to live life.Without friends we can't enjoy or live life.We can share our sentiments with our friends.So it is a necessary thing in our life.Life has different colors ,in this way there are different types perasons.Only we have to intract with them,then only we know what are the qualities of the persons.There are two types of persons one is Good and another is Bad.We should walk in the way of Good.To get sucess we should select the way of Good friends.

  5. #5
    tintontomy Guest

    Re: Gold falls down to 9-month low at Rs 8,520

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  6. #6
    Khabri
    Khabri is offline eTI Iron

    Re: Gold falls down to 9-month low at Rs 8,520

    Hi Tintontomy.. Why are making different types of post in single topic ? I think you should create separate topic for each each different subject.

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  8. #7
    priya0710
    priya0710 is offline eTI Iron
    Experts of market recommended gold trading range for the day as 29665-29961. Gold is a precious metal and huge capital is required to trade in it. Traders can earn good returns while trading in price volatile commodities by having a good knowledge of market updates and planning a wise trading strategy as per market require

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