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Gold falls off 30-month high on low demand; weak global cues

Gold-bullion-pic-1024x576NEW DELHI: Gold slipped from a 30-month high, plunging Rs 250 to Rs 31,300 per 10 grams at the bullion market on Thursday, as demand from jewellers at domestic spot market fell amid a weak trend overseas.

However, silver gained Rs 50 to reclaim the Rs 47,000 per kg mark on increased offtake by industrial units.

Traders said a muted demand from jewellers at the prevailing higher levels and a weak trend overseas mainly contributed to the fall in gold prices.

In worldwide trade, gold fell 0.33 per cent to USD 1,345 an ounce in New York in yesterday’s trade.

Gold falls off 30-month high on low demand; weak global cues Reviewed by on . NEW DELHI: Gold slipped from a 30-month high, plunging Rs 250 to Rs 31,300 per 10 grams at the bullion market on Thursday, as demand from jewellers at domestic NEW DELHI: Gold slipped from a 30-month high, plunging Rs 250 to Rs 31,300 per 10 grams at the bullion market on Thursday, as demand from jewellers at domestic Rating: 0
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