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Gold tumbles Rs 260 on global cues

Gold tumbles Rs 260 on global cues
1/7
Gold prices retreated from one-month high to slip below the Rs 27,000-mark by falling Rs 260 per 10 grams, snapping its three-day rising streak, at the bullion market on Saturday, largely in tune with weak global cues and fall in demand from jewellers.

In This Pic : Gold tumbles Rs 260 on global cues

Pic Courtesy : BCCL

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Silver followed suit and plunged by Rs 585 to Rs 35,915 per kg
2/7
Silver followed suit and plunged by Rs 585 to Rs 35,915 per kg on reduced offtake by industrial units and coin makers.

In This Pic : Gold tumbles Rs 260 on global cues

Pic Courtesy : BCCL

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Bullion traders said besides a weak global trend
3/7
Bullion traders said besides a weak global trend, easing demand from jewellers and retailers at the existing levels dragged down the precious metal from its one-month high.

In This Pic : Gold tumbles Rs 260 on global cues

Pic Courtesy : BCCL

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Globally, gold dropped 0.7 per cent to USD 1,145.60
4/7
Globally, gold dropped 0.7 per cent to USD 1,145.60 an ounce in New York in yesterday's trade. The metal had climbed to USD 1,156.40 on Thursday, the highest since August 24. Silver also declined 0.1 per cent to USD 15.11 an ounce.

In This Pic : Gold tumbles Rs 260 on global cues

Pic Courtesy : BCCL

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In the national capital, gold of 99.9 per cent
5/7
In the national capital, gold of 99.9 per cent and 99.5 per cent purity plunged Rs 260 each to Rs 26,990 and Rs 26,840 per 10 grams, respectively. It had gained Rs 740 in the previous three sessions.

In This Pic : Gold tumbles Rs 260 on global cues

Pic Courtesy : BCCL

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