Gold Price Knock Down in India

Indian Gold Jewelry

On Saturday, at Delhi gold prices decreased by Rs 120 and were traded at Rs 27,750 per 10 grams in the billion market, due to restrained demand at current higher levels.

Gold with purity of 99.9 % dropped by Rs 120 to be traded at Rs 27,750 per 10 grams, and also gold with purity 99.5% fell by Rs 120 to be traded at Rs 27,550 per 10 grams.

At the meantime, silver is stable at Rs 46,000 per kg, in restricted buying from industrial units and coin makers. As traders stated that, restrained demand at current higher levels kept gold prices under pressure. Silver coins met with resistance at prevailing higher levels and decreased by Rs 1,000 to be traded at Rs 75,000 for buying and Rs 76,000 for selling of 100 pieces.