Gold price declines by Rs 5,000 per kg in past three sessions - Details

Gold Rate Today: According to the All India Sarafa Association, the yellow metal prices had closed at Rs 71,650 per 10 grams in the previous session on Wednesday.

Gold Rate Today: Continuing its slide for the third day in Delhi, gold of 99.9 per cent and 99.5 per cent purity declined Rs 1,000 each to Rs 70,650 per 10 grams and Rs 70,300 per 10 grams, respectively.
Silver prices also fell sharply by Rs 3,500 to Rs 84,000 per kg. It had ended at Rs 87,500 per kg in the previous session.

Gold Rate Today: The precious metal has declined Rs 5,000 per kg in the past three sessions since July 23 when it had fallen Rs 3,350 to end at Rs 72,300 per kg -- marking the biggest fall this year -- after the government on Tuesday decided to slash customs duties on a range of products, including gold and silver.

Gold Rate Today: The customs duty on gold and silver was cut from 15 per cent to 6 per cent. Traders said gold prices declined on persistent selling by local jewellers amidst weakening trend in the international markets.

Gold Rate Today: Globally, Comex gold was trading at USD 2,421.80 per ounce, down USD 42.20 per ounce. In addition, silver was also quoted lower at USD 28.04 per ounce in New York.