New Delhi, Nov 17: Gold slipped from its previous record today by losing Rs 85 to Rs 29,355 per 10 grams, due to reduced offtake by stockists and retailers at existing higher levels amid a weakening global trend. The metal had touched an all-time peak level of Rs 29,440 yesterday.
Silver also fell by Rs 400 to Rs 57,500 per kg on lack of buying support from industrial units. Trading sentiments turned bearish as retail customers refrained from purchasing gold at prevailing higher levels and weakening global trend as declines in equities may spur sales of the metal.
Gold in global markets, which normally sets the price trend on the domestic front, dropped by 0.1 per cent to USD 1,762.88 an ounce in London.
From: http://ping.fm/XGtUQ
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