Symbol: GOLD| Contract: Dec, 2014| Category: Bullion
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Gold's Latest News
Marketmen said fall in demand from jewellers and retailers at prevailing higher levels and a weak global trend mainly led to the fall in gold and silver prices.
A sell-off in the stock markets saw gold-backed exchange-traded funds (ETF) attracting investors for the first time in a month after heavy outflows.
Gold prices rallied by Rs 200 to to trade at an almost one-month high of Rs 27,600 per 10 grams in the national capital on Monday on the back of brisk buying by jewellers and retailers to meet festive season demand amidst a firming global trend.
Gold prices jumped sharply in Asia on Monday as worries over the global economic outlook sent investors scuttling towards safe-haven bullion amid a sell-off in equities and the dollar.
Gold prices declined by Rs 30 to Rs 27,370 per ten gram in the national capital today as demand from jewellers retailers dried up at prevailing levels to some extent amidst a weak global trend.
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