Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

Gold Ends Year on Weaker Note, Plunges by Rs 370

Silver also dipped Rs 125 to Rs 39,100 per kg on subdued fag-end demand from industrial units and coin makers. Traders said considerable decline in demand from local jewellers and retailers at the existing higher levels amid flat global bullion markets pulled down the gold prices.

PTI

Updated:December 31, 2018, 6:17 PM IST
facebookTwittergoogleskypewhatsapp
Gold Ends Year on Weaker Note, Plunges by Rs 370
Representative image. (REUTERS)
Loading...
New Delhi: Ending the year 2018 on a weaker note, gold prices on Monday plunged by Rs 370 to Rs 32,270 per 10 gram at the bullion market here due to considerable fall in demand from local jewellers amid muted trend overseas.

In line with the gold prices, silver also dipped Rs 125 to Rs 39,100 per kg on subdued fag-end demand from industrial units and coin makers.

Traders said considerable decline in demand from local jewellers and retailers at the existing higher levels amid flat global bullion markets pulled down the gold prices.

Besides, stronger rupee against the dollar making imports cheaper exerted pressure on the prices of the precious metal, they said.

The rupee Monday jumped 21 paise to touch a high of 69.74 to a dollar (intra-day), as compared with the previous close of Rs 69.95.

Moreover, the marketmen also said shifting of funds towards the rising equity market was another factor for decline in the gold prices.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 370 each to Rs 32,270 and Rs 32,120 per 10 gram, respectively. The gold prices, however, had risen by Rs 190 in the previous two sessions.

For the year, the gold prices jumped by Rs 1,870, or 6.15 per cent, as compared with the price of Rs 30,400 per 10 gram on December 30, 2017. Silver, on the other hand, lost Rs 880, or 2.2 per cent, against Rs 39,980 per kg as on December 30, 2017.

Globally, it traded nearly flat at USD 1,279.41 an ounce Monday in New York, showing a growth of over 11 per cent from the previous year's close of USD 1,150.90 an ounce.

Silver also traded almost flat at Rs 15.36 an ounce Monday in New York. It, however, indicates a fall of 8.98 per cent as against USD 16.91 an ounce a year ago.

Sovereign gold Monday held steady at Rs 25,200 per piece of 8 gram.

Silver ready also fell by Rs 125 to Rs 39,100 per kg Monday, while weekly-based delivery was marginally down by Rs 6 to Rs 38,700 per kg.

Silver coins were, however, unchanged at Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results