MCX GOLD-SILVER
Tracking gold, silver
ready dropped by Rs 1,700 to Rs
37,200 per kg and weekly-based
delivery by Rs 1,675 to Rs 36,600 per kg. Silver coins
plummeted by
Rs 2,000 to Rs 60,000 for buying and Rs 61,000 for selling of 100
pieces.
Gold prices tumbled by Rs 510, the biggest fall this year,
to trade at almost six-week low of Rs
27,190 per 10 grams at bullion
market today on slackened demand from jewellers and retailers
amid
weak global cues. Silver also slumped by Rs 1,700 to Rs 37,200 per kg
on poor offtake by
industrial users and coin makers. Traders said
apart from low demand from jewellers and
retailers, a weak global
trend where gold dropped to six-week low mainly kept pressure on
prices of the precious metals here. In the national
capital, gold of
99.9 and 99.5 per cent purity plunged by Rs 510 each to Rs 27,190 and
Rs
26,990 per 10 grams, a level last seen on January 3.
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