Lacklustre demand causes gold prices to fall by Rs 135

Owing to boost in financial markets, investors look towards equities causing drop in gold prices

: IJ News Service
16 May 2019 10:54 AM
Reference: 11771

Gold appeared to lose its sheen and fell by Rs 135 to Rs 33,260 per 10 gram in Delhi on Wednesday. According to All India Sarafa Association, the reason for this dip is the lackluster demand and tepid buying by jewellers. In addition, the possibility of the US-China trade talks has caused a major boost to the financial markets prompting investors to invest in equities rather than safe haven metals like bullion. Silver prices too fell by Rs 100 to Rs 38,200 per kg on reduced offtake by industrial units and coin makers.

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