Wednesday 8 December 2021
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HomeEconomyGold plunges by Rs 600 to below Rs 31,000 level

Gold plunges by Rs 600 to below Rs 31,000 level

New Delhi: Gold today tumbled by Rs 600 to hit an almost three-week low of Rs 30,950 per 10 grams in the local here today due to weak global advice. Fall in demand from local jewellers too kept the pressure on the precious metal.

cracked below the Rs 39,000-mark by falling Rs 450 to Rs 38,900 per kg on poor offtake by industrial units and coin makers.

Traders said sentiment was downbeat as the precious metal fell to four-week lows on a firmer dollar amid expectations of more US interest rate hikes, diminishing appeal of gold as a safe haven bet.

Gold fell 0.61% to $1,310.10 an ounce, and by 0.37% to $16.28 an ounce in Singapore.

In the national capital, gold of 99.9% and 99.5% purity fell steeply by Rs 600 each to Rs 30,950 and Rs 30,800 per 10 grams, respectively. The yellow metal of 99.9% had at Rs 30,950 on 18 January.

Sovereign, however, remained unaltered at Rs 24,800 per piece of eight grams.

Following the yellow metal, ready tumbled by Rs 450 to Rs 38,900 per kg and weekly-based delivery by Rs 820 to Rs 37,735 per kg.

coins, on the other side, were unaltered at Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces in scattered deals.

PTI

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Mohd Feroz Khan, Hyderabad LS candidate of @INCTelangana in 2019 announces👇Rs 50 lakh for múrdėr of #WasimRizvi

Do you @RahulGandhi approve of it?

If not, dismiss him from @INCIndia at once

Congress silence means mùrdėr of secularism

@priyankagandhi

Wicker’s office clarified that the senator is not advocating for the use of nuclear weapons in Ukraine. He’s urging the president to fully consider all measures to prevent Russia from overtaking an ally.

सर पर कांग्रेस का झंडा है,साथ मे राहुल गांधी की तस्वीर है, कांग्रेस दफ्तर में खड़े होकर कांग्रेस विधायक सर कलम करने का फतवा सुना रहा है !
तो क्या इसे कांग्रेस की ऑफिशियल ब्रीफिंग माना जाए ?

Facts@BefittingFacts

Telangana Congress secretary Rashed Khan stands by his.
Just listen to his words 👇🏻
https://twitter.com/rashedkhan_inc/status/1468134475116605442

VHP mobilising 1 lakh youth for Gita Jayanti on 14-12-2021 in Hyderabad.

Such programs are appreciable if the aim is to promote Hinduism.

Sadly it is not, as they want to promote BJP’s electoral prospects in Telangana misusing Hinduism.

#PseudoHindutva

https://youtu.be/KtbdVIx5sGA

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