Gold snaps 4-day rising streak on profit-selling

April 26, 2014

New Delhi-India (Apr 26)   Snapping a four-day rising streak, gold prices fell by Rs 60 to Rs 30,620 per ten gram in the national capital on Saturday on emergence of profit-selling at existing higher levels against sluggish demand.

Silver also declined by Rs 170 to Rs 43,250 per kg on reduced offtake by industrial units.

Traders said profit-selling by stockists at prevailing higher levels against sluggish demand mainly led to decline in gold prices.

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