The gold and silver prices fell further on the bullion market on March 25 on sustained stockists offerings backed by the weak global advices. The gold futures in New York fell for a third straight session yesterday as the stronger dollar reduced the metal”s investment appeal.
The firm equity markets also affected the gold prices, as some of the investors shifting their funds to equity markets. The gold for April delivery dropped by $28.70 to close at $923.80 an ounce on the Comex division of the New York Mercantile Exchange. The May delivery for silver also slipped to $13.357 an ounce.
In the domestic market, the standard gold (99.5 purity) fell by Rs 60 per ten grams to Rs 15,055 from yesterday”s closing level of Rs 15,115. Along with this, the Pure gold (99.9 purity) also dropped by Rs 60 per ten grams to Rs 15,125 from Rs 15,185. Silver ready (.999 fineness) slipped by Rs 250 per kilo to Rs 22,325 from Rs 22,575.
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