Precious metals fall during the week
The precious metals fell at the domestic bullion market, as Silver crashed by Rs 450 to Rs 57,740 per kg and Gold fell by Rs 195 to Rs 30,435 per ten gm, during the week ended today under review.
Silver witnessed high volatility during the week, as it rose by Rs 110 per kg on Monday. In next two days, that is on Tuesday and Wendnesday, it slipped by Rs 630 per kg due to discouraging advices from global market.
On Thursday it recovered by Rs 170 per kg to end at Rs 57,840.
In next two days, that is Friday and Saturday, it shed by Rs 100 to Rs 57,740 per kg on sluggish demand from local dealers.
Silver was down by Rs 450 per kg as compared to the previous week's close.
Silver recorded the week's high at Rs 58,300 on December 24 and low at Rs 57,670 on December 26.
Gold fell on Monday by Rs 30, only to recover next day by Rs 25 per ten gm.
On Wednesday, it crashed by Rs 195 to Rs 30,430 per ten gm on selling pressure from stockists. It rose nominally by Rs 10 per ten gm in next two days, that is on Thursday and Friday.
It again eased by Rs five to Rs 30,435 per ten gm today.
With this, Gold was down by Rs 195 compared with the previous week's close.
It recorded the week's high at Rs 30,625 per ten gm on December 25 and low at Rs 30,430 per ten gm.