Gold slide continues; price declines Rs 700 to Rs 77,050 per 10 grams

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Gold slide continues; price declines Rs 700 to Rs 77,050 per 10 grams - Business Standard

Quick Summary:

Gold prices saw yet another steep fall on Thursday, with the precious metal declining Rs 700 to Rs 77,050 per 10 grams in the national capital amid subdued demand trend in the global markets, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity closed at Rs 77,750 per 10 grams in the previous session, a day after falling marginally by Rs 50 on Wednesday.

Extending the losses for the fourth straight session, the price of gold of 99.5 per cent purity fell Rs 700 to Rs 76,650 per 10 grams.