Gold prices by ₹50 to ₹32,670 per 10 gram; Silver too shed a marginal ₹10 to trade at ₹38,120 per kg
Tepid demand from jewellers pulled down gold prices by ₹50 to ₹32,670 per 10 gram at the bullion market in New Delhi on May 7, according to the All India Sarafa Association.
Silver too shed a marginal ₹10 to trade at ₹38,120 per kg.
According to traders, fall in demand from local jewellers and retailers at the domestic spot market led to the dip in gold prices despite Akshaya Tritiya, a day considered auspicious to buy gold.
Globally, spot gold was trading marginally higher at $1,282.20 an ounce, while silver was down at $14.92 an ounce in New York.
In the national capital, gold of 99.9% and 99.5% purity dropped by ₹50 to ₹32,670 and ₹32,500 per 10 gram, respectively
Sovereign gold held steady at ₹26,400 per eight gram.
Silver ready fell by ₹10 to ₹38,120 per kg and weekly-based delivery gained ₹44 to ₹37,334 per kg.
Silver coins held flat at ₹79,000 for buying and ₹80,000 for selling of 100 pieces.
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