Gold plunges five-week low of Rs 1.54 lakh/10g
India, Sept. 16 -- Gold prices fell by Rs 1,000 to more than a month's low of Rs 1,54,400 per 10 grams in the national capital on Tuesday amid weak global trends and a strong US dollar.
The precious metal previously traded around these levels on August 7, when it stood at Rs 1.54 lakh per 10 grams in the local market.
Silver prices, however, remained unchanged for the second consecutive day at Rs 2,34,600 per kilogram (inclusive of all taxes), according to local traders.
"Gold edged lower on Tuesday amid weak global cues, with spot gold slipping below $4,300 an ounce and trading near a one-month low," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.
The decline was driven by a stronger US dollar and rising Treasury...
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