Showing posts with label Falling demand. Show all posts
Showing posts with label Falling demand. Show all posts

Monday, January 13, 2014

Gold And Silver down On Selling ground

Declining domestic demand at existing high prices of precious metals profits made ​​by the stockists . This Saturday at the local bullion market gold tumbled by Rs 500 to Rs 100 per ten grams was 31 thousand . It had gained Rs 300 a day . Similarly, buying support from industrial units and coin makers sharp fall victim to lack of silver . The day after it weakened to Rs 570 to Rs 300 per kg reached 45 thousand .
Bullion traders said that despite the ongoing marriage season buying by retail customers is weak due to high prices . The impact is visible in the market . Gold jewelery in the local market price of Rs 500 per day, 30 thousand 900 rupees per ten gram come . Break of eight grams of Rs 25,200 to Rs 100 guineas . Silver weekly-based delivery by Rs 575 to Rs 545 per kg to 44 thousand spoken weakness . Silver coins also declined by Rs 1,000 per cent to close at Rs 83,000 to 84,000 .