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Commodity Market: Gold price slips down

In the commodity market, the price of precious metals gold and silver slipped down.

In the international market, spot gold was trading at a lower price of $ 1413.46 per ounce in New York. In the National capital New Delhi, gold of 99.9% and 99.5% purity declined by Rs.170 each to reach at Rs.34,210 and 34,040 per 10 gram respectively. But the price of sovereign gold remains firm at Rs.26,800 per 8 gram. On yesterday, the price of gold was appreciated by Rs.260 to reach Rs.34,380 per 10 gram.

Gold price rises again in Kerala

In the international market, the price of silver lowered to reach at $ 15.26 an ounce. In the Indian market, the price of silver slipped down by Rs.70 to reach Rs.38,580 a kilo. The weekly-based delivery of silver slipped down by Rs.198 to reach Rs.37,150 a kilo. The price of silver coins remained firm at Rs.80,000 for buying and Rs.81,000 for selling of 100 pieces.

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