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.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


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
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Gold Slips by Rs 100 to Rs 38,570 on Muted Demand, Weak Overseas Trend

Gold had reached its all-time high mark of Rs 38,670 on Saturday. Silver also fell by Rs 50 to Rs 45,000 per kg due to reduced off take by industrial units and coin makers.


Updated:August 19, 2019, 4:36 PM IST
Gold Slips by Rs 100 to Rs 38,570 on Muted Demand, Weak Overseas Trend
Representative image.

New Delhi: Gold prices on Monday declined by Rs 100 to Rs 38,570 per 10 gram in the national capital, tracking weak trend overseas and lacklustre demand from jewellers, according to the All India Sarafa Association.

Gold had reached its all-time high mark of Rs 38,670 on Saturday. Silver also fell by Rs 50 to Rs 45,000 per kg due to reduced offtake by industrial units and coin makers.

Traders said easing demand from local jewellers amid weak global trend mainly weighed on gold prices. Globally, spot gold was trading 0.98 per cent lower at USD 1,499 an ounce in New York, while silver was down 0.18 per cent to USD 17.00 an ounce.

Gold witnessed selling on positive market sentiment as the rise in global equity indices underpinned demand for safe haven assets, HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Global equity markets traded firm as Germany and China signalled stimulus measures to support economic recovery, he added.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity reduced Rs 100 to Rs 38,570 and Rs 38,400 per 10 gram, respectively. Sovereign gold held steady at 28,800 per eight gram.

On Saturday, gold had risen by Rs 250 to Rs 38,670 per 10 gram, while silver gained Rs 362 to Rs 45,050 per kg. Meanwhile, silver ready dropped by Rs 50 to 45,000 per kg on Monday, while weekly-based delivery fell Rs 289 to Rs 43,535 per kg. Price of silver coins held flat at Rs 91,000 for buying and Rs 92,000 for selling of 100 pieces.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
HDFC Bank 1,257.00 4.78
ICICI Bank 447.95 7.29
Axis Bank 725.85 6.69
Maruti Suzuki 6,900.00 4.67
HDFC 2,161.65 5.48
Company Price Change %Gain
Larsen 1,526.65 8.05
Maruti Suzuki 6,899.95 4.78
ICICI Bank 447.85 7.31
Bajaj Finance 4,024.45 8.60
Yes Bank 55.30 -0.27
Top Gainers
Company Price Change %Gain
BPCL 457.15 13.20
Bajaj Finance 4,017.25 8.51
Eicher Motors 19,360.60 8.40
IOC 143.55 8.30
Larsen 1,526.45 8.14
Company Price Change %Gain
Bajaj Finance 4,018.00 8.43
Larsen 1,526.10 8.02
Asian Paints 1,804.00 7.87
ICICI Bank 447.80 7.30
ITC 255.00 7.08
Top Losers
Company Price Change %Gain
Zee Entertain 271.45 -9.94
Infosys 765.10 -4.96
Tata Motors 127.85 -4.05
Power Grid Corp 188.40 -3.98
Cipla 448.95 -3.10
Company Price Change %Gain
Infosys 765.00 -4.98
Tata Motors 127.75 -4.24
Power Grid Corp 188.35 -4.07
NTPC 116.30 -3.00
TCS 2,013.05 -2.54

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results