Wednesday, 4 May 2011
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India: Silver falls to Rs 63600 on weak global cues, gold down by Rs 65
Silver plunged by Rs 3,800 to Rs 63,600 per kg today due to heavy offloading by speculators, amid a weakening global trend. Gold also declined by Rs 65 to Rs 22,655 per 10 grams on sluggish demand at existing high levels. Silver coins followed suit and fell by Rs 3,000 to Rs 70,000 for buying and Rs 71,000 for selling of 100 pieces. Selling pressure further gathered momentum as silver dropped
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