Gold Continue To Fall ; Silver Recovers


New Delhi: Gold kept on falling for the fourth straight day at the residential bullion advertise today and lost Rs. 80 to exchange at more than three-month low of Rs. 30,240 for every 10 grams attributable to loosened request from goldsmiths even as the metal rose abroad.

Silver, be that as it may, organized a bounce back by picking up Rs. 370 to Rs. 42,300 for each kg on expanded offtake by mechanical units and coin creators.Marketmen said lukewarm request from goldsmiths and retailers at local spot advertise at winning levels essentially kept weight on gold costs yet a firm pattern abroad topped the misfortunes. 

Globally, gold rose 0.19 per cent to $1,257.60 an ounce in New York yesterday. Silver was up 1.39 per cent at $17.53 an ounce.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs. 80 each to Rs.30,240 and Rs. 30,090 per 10 grams, respectively. The precious metal had lost Rs. 930 in previous three days.

Sovereign declined by Rs. 100 to Rs. 24,300 per piece of eight grams.

On the other hand, silver ready rebounded by Rs. 370 to Rs. 42,300 per kg and weekly-based delivery by Rs. 290 to Rs. 41,865 per kg.

Silver coins also spurted by Rs. 1,000 to Rs. 72,000 for buying and Rs. 73,000 for selling of 100 pieces.