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Bullion: Taking weak cues from the global markets and

fall in demand from local jewellers, gold prices cracked below Rs 30,000-mark to close at Rs 29,950 per 10 grams at the bullion market during the week.

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fall in demand from local jewellers, gold prices cracked below Rs 30,000-mark to close at Rs 29,950 per 10 grams at the bullion market during the week.

Silver in two-way movements, finally ended flat at Rs 40,200 per kg

Market remained closed on Tuesday on the occasion of Independence Day.

Traders said sentiment was muted largely in tune with a weak trend overseas and considerable fall in demand from local jewellers and retailers at domestic spot markets.

Globally, gold ended the week lower at USD 1,284.20 an ounce and silver at USD 16.94 an ounce in New York.

In the national capital, gold of 99.9 and 99.5 per cent purity commenced the week on a subdued note and fell to a low of Rs 29,750 and Rs 29,600 per 10 grams respectively largely on the back of weak trend overseas.

Later, it bounced back to close at Rs 29,950 and Rs 29,800 per 10 grams, still showing a fall of Rs 100 each.

Sovereign, however, moved in a narrow range in limited deals and settled at last level of Rs 24,500 per piece of eight gram.

Silver ready after moving both ways on alternate bouts of buying and selling finally settled flat at Rs 40,200 per kg while weekly-based delivery fell by Rs 135 to Rs 39,065 per kg.

Silver coins held flat at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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