Last Updated :
12 August 2011 at 18:05 IST
Gold in India falls by Rs 390 on weak global trends
NEW DELHI (Commodity Online): The yellow metal in India fell by Rs 390 for 10 grams on lower off take due to weak global trends.
After a six day long record setting performance by the metal, it has shown a slight fall of Rs 390. The price of gold with 99.9% and 99.5% purity are Rs 26,100 and Rs 25,980 per 10 grams, respectively.
In the last six trading sessions, the gold price had risen by Rs 2,100.
Meanwhile the Sovereign price remained steady at Rs 21,000 due to limited deal.
Gold shed 0.9% to $1,748.25 an ounce after CME, the world's largest futures market, raised margins on gold contracts to curb sky-rocketing prices.
Silver also fell by Rs 100 to Rs 59,100 per kg.
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