| Gold prices fell by Rs 100 to close at Rs 27,100 per 10 grams at the bullion market today as the auspicious 'Akshaya Tritiya' festival failed to generate any substantial buying activity for the precious metal amid a weak global trend.
Silver also dropped Rs 560 to Rs 36,440 per kg on reduced offtake by industrial units and coin makers. Traders said apart from a weak trend in overseas markets as investors weighed a rally in equities and the dollar in the absence of any significant buying by jewellers, led to decline in gold prices. Globally, gold in Singapore, which normally sets price trend on the domestic front, fell by 0.3 per cent to USD 1,192.29 an ounce.........................................Full Article: Source
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