Gold slips this week on muted demand from jewellers, stockists, traders
The yellow-metal sank below Rs 30,000 at the domestic bullion market during the week following a fall in global markets
Gold fell this week after eight straight weekly gains due to slackened demand from jewellers stockists and traders.
The yellow-metal sank below Rs 30,000 at the domestic bullion market during the week, following a fall in global markets.
Silver too fell below the Rs 38,000 due to reduced offtake by industrial units and coin makers.
A weak overseas trend, tepid demand from local jewellers and retailers at prevailing levels at domestic market are pulling gold prices down, traders say.
Global Gold futures logged a weekly decline of about 1.6%, the largest since the week ended Dec 8.
March silver shed 20.2 cents, or 1.2%, to $16.139 an ounce, for a loss of 3.4% on the week, according to a PTI report.