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Fading festive demand weighs on bullion trade
In Short
Gold prices extended their losing streak for the fourth consecutive session, tumbling Rs 2,500 to Rs 1,40,900 per 10 grams in New Delhi, driven by subdued post-Diwali demand and weak international market trends.
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Fading festive demand weighs on bullion trade
New Delhi: Gold prices extended their losing streak for the fourth straight session, tumbling Rs 2,500 to Rs 1.40 lakh per 10 grams in the national capital on Friday, as subdued post-Diwali demand and weak global trends weighed on the precious metal.
The 99.9 per cent pure yellow metal declined Rs 2,500 to Rs 1,40,900 per 10 grams from Thursday's close of Rs 1,43,400 per 10 grams, according to the All India Sarafa Association. Silver also resumed its decline after remaining unchanged in the preceding session. The white metal shed Rs 3,500 to Rs 1,84,000 per kg from the previous close of Rs 1,87,500 per kg.
