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Gold, Silver Slids On Subdued Demand

Mumbai, Feb 14: Gold, silver prices slid further at the bullion market here today on reduced stockists and jewellery demand amidst profit-taking following bearish international markets.Standard gold of 99.5 per cent declined by Rs 85

PTI [ Updated: February 14, 2012 20:08 IST ]
gold silver slids on subdued demand
gold silver slids on subdued demand

Mumbai, Feb 14: Gold, silver prices slid further at the bullion market here today on reduced stockists and jewellery demand amidst profit-taking following bearish international markets.


Standard gold of 99.5 per cent declined by Rs 85 to close at Rs 27,765 per 10 grams from Monday's closing level of Rs 27,850.

Pure gold of 99.9 per cent purity also fell by a similar margin of Rs 85 to finish at Rs 27,890 per 10 grams as compared to Rs 27,975 yesterday.

Silver ready (.999 fineness) went down by Rs 70 per kg to conclude at Rs 55,960 from Rs 56,030 previously.

In New York, gold mostly traded lower on higher dollar amidst Greece austerity deal, though Moody's downgrading of six European nations renewed the lingering concerns.

Gold for April delivery eased 40 cents to USD 1,724.90 an ounce on the Comex division of the NYMEX late yesterday.

While, March silver contract quoted up by USD 33.72 an ounce.

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