Gold slips to Rs 29,650, silver dives by Rs 950/kg

Gold falls by Rs 600 to Rs twenty nine,650 per ten grams at the bullion market on weekday on fall in demand from jewellers at prevailing higher levels plus a weak trend overseas. Silver followed suit, falling by Rs 950 to Rs forty one,100 a kg.

Traders aforementioned sentiment dampened as demand from jewellers weakened amid a weak trend overseas wherever gold people from virtually biennial highs as investors pared bets on the result of next week's United Kingdom vote on membership within the global organization, reducing demand for the metal as a haven.

Globally, gold fell by $13.50 to $1,278 an oz. in ny in yesterday's trade.

In the capital, gold of 99.9 and 99.5 per cent purity tumbled by Rs 600 every to Rs twenty nine,650 and Rs twenty nine,500 per 10 grams, severally. the valuable metal had surged Rs 580 yesterday.

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