tyle="text-align:justify">May 11,2016: Gold plunged below the Rs 30,000 mark by behind Rs 250 to Rs 29,850/ten grams at the bullion market yesterday, during a passive demand from jewellers and a weak trend foreign.

Silver also jumped by Rs 600 to Rs 40,600 per kg on poor offtake by industrial units and coin makers.

As per the market men, “sentiment remained bearish largely in tune with a weak global trend and fading demand from jewellers and retailers at current levels at the domestic spot markets.”

Internationally, gold rushed by 1.89 % to US Dollar 1,263.40 an ounce in New York on Monday on speculation that the Federal Reserve is still on track to boost US interest rates this year. Silver fell by 2.55 %  to USD 16.99 an ounce.
In the state capital, gold of 99.9 and 99.5 % purity tumbled by Rs 250 each to Rs 29,850 and Rs 29,700 per ten grams, respectively, a level last seen on April 28. The valuable metal had lost Rs 250 on Monday.

Meanwhike, the constant steady at Rs 23,300 per piece of eight grams in limited deals.

Tracking gold, silver ready fallen by Rs 600 to Rs 40,600 per kg and weekly-based by Rs 565 to Rs 40,800 per kg.

As other side, silver coins sustained to be traded at preceding level of Rs 69,000 for purchasing and Rs 70,000 for marketing of 100 pieces.