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Monday, November 15, 2010

Gold, Silver Remain Weak On Global Cues

Both the precious metals, gold and silver continued to slide for the second straight day in the national capital today on sustained selling by stockists, triggered by a sharp fall in global markets.


Trading sentiment remained weak, as gold tumbled the most in four months in global markets on speculation that China will raise interest rates to cool the economy, might eroding demand for the metals.

Fall in demand at prevailing higher levels also influenced the trading sentiment to some extent.

Gold in global markets,which normally sets the price trend on the domestic front here, recorded a sharp fall of USD 40.10 to USD 1,368.80 an ounce.

On the domestic front, gold of 99.9 and 99.5 per cent purity remained weak and declined further by Rs 90 each to Rs 20,440 and Rs 20,330 per 10 grams, respectively.

Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc - These are involved in our life to that extent, we can't even dream to live without them.


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