02 Jul '11, 11am

Silver, gold fall on global cues

Mumbai, Jul 2 (PTI) Silver and gold prices fell further at the bullion market here today on moderate selling by stockists and investors amidst continuing bearishness in the global markets. Silver ready (.999 fineness) declined by Rs 125 per kg to end at Rs 51,585 from Friday''s level of Rs 51,710. Standard gold (99.5 purity) moved down by Rs 45 per 10 grams to close at Rs 21,585 as against Rs 21,630 yesterday. Pure gold (99.9 purity) also eased by a similar margin to conclude at Rs 21,690 from Rs 21,735 previously. In overseas trade, precious metals plunged over fading uncertainty of Eurozone debt problems pushing investors to place their bets elsewhere. In New York, gold for August delivery tumbled by USD 20.20, or 1.3 per cent, to USD 1,482.60 an ounce on the COMEX division of NYMEX yesterday. Silver for September delivery shed USD 1.13 or 3.2 per cent to USD 33.71 an ou...

Full article: http://sg.news.yahoo.com/silver-gold-fall-global-cues-102...

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@sherbetwist read this:

@sherbetwist read this:

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