Silver Belongs To R 63 600 Weak Global Cues, Gold Down

Silver has fallen from Rs 3,800 to 63,600 rupees per kg in the day due to heavy unloading by speculators, the middle of a downward trend overall. Gold also fell by Rs 65 to Rs 22,655 per 10 grams on the low demand at current levels.

Silver coins and fell behind the R 3000 RS 70,000 and Rs 71,000 for the purchase and sale of 100 copies.

Sales Presenter impetus that the money fell after regulators increased the margin requirements in futures, and gold fell on reports that Soros Fund Management may cut holdings.

In global markets, which generally contain prices on the domestic front, silver fell 5 percent to $ 40.46 an ounce, in line with 7.6 per cent and 5.2 per cent yesterday May 2 Gold also fell 0.2 percent to $ 1,533.28 an ounce.

The emergence of profit taking after recent rally and falling demand at current rates also dampened the sentiments of the trade to some extent.

Domestically, the money remained under heavy selling pressure and fell from Rs 3800 to 63,600 rupees per kg and weekly based delivery Rs 4,000 and Rs 63,400 per kg.

Similarly gold of 99.9 and 99.5 percent fell from Rs 65 to Rs 22 655 each and Rs 22.535 per 10 grams respectively. Rules followed suit and lost Rs 100 at Rs 18,300 per piece of eight gram.