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Gold falls to Rs 22,820, silver slips by Rs 350

This article was posted on May 30, 2011 and is filed under Market News

Gold declined by Rs 45 to Rs 22,820, while silver shed Rs 350 to Rs 57,250 per kg today due to a weakening global trend amid sluggish local demand.

Traders said sentiments turned weak after both the precious metals recorded fresh losses in the global markets along with lack of buying interest at prevailing high levels in the local markets.

Gold in global markets, which normally sets a price trend on the domestic front, eased by $1.40 to $1,535.10 an ounce, while silver shed 0.21% to Rs $37.88 an ounce. For more visit: Business-Standard

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