Gold prices fall by Rs.7/gram

MUMBAI: Gold prices on Monday slipped down to Rs.2,370/gram while the demand for the yellow metal has picked up.

“Gold prices has come down to Rs.2,370/gram (22 carat) from Saturday’s rate of Rs.2,377/gram. However demand for gold coins has gone up,” N. Anantha Padmanabhan, managing director, NAC Jeweller told IANS.

Gold coins account for nearly 30-35 percent of the sales, he said.

As to the sales of jewellery, bangles and chains are the moving items.

Speaking about the silver prices Padmanabhan said it is at Rs.36.10/gram down from July.

The fall in gold prices has its effect on silver.

According to him, gold prices may not be volatile in the coming weeks, and expected to be steady as there is good retail demand.

Follow this link to join our WhatsApp group: Join Now

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS