Gold, silver tumble on stockist selling, weak demand

Mumbai-India (Apr 19)  Gold prices dropped sharply here today on a fresh bout of profit-taking by stockists as well as speculators amid sluggish demand.

Lack of retail buying interest at the prevailing higher levels and absence of definite cues from overseas due to closure of markets on Good Friday also adversely impacted the sentiment.

Silver plummeted below the key Rs 43,000 per kg level on the back of heavy unwinding from traders and a subdued industrial buying support.