In New Delhi, gold of 99.9% and 99.5% purity went down by Rs200 each to Rs30,050 and Rs29,900 per 10 gram, respectively. Photo: MintNew Delhi: Gold prices tumbled by Rs200 to Rs30,050 per 10 gram at the bullion market on Wednesday on muted demand from local jewellers and a weak trend overseas. Traders said besides fall in demand from local jewellers and retailers at the spot market, a weak trend overseas mainly weighed on gold prices. In the national capital, gold of 99.9% and 99.5% purity went down by Rs200 each to Rs30,050 and Rs29,900 per 10 gram, respectively. Tracking gold, silver ready dropped by Rs500 to Rs38,500 per kg, while weekly-based delivery traded higher by Rs265 to Rs37,775 per kg on speculative buying.

Source: Mint December 06, 2017 10:52 UTC