Business
Gold price tumbles by Rs 350, silver by Rs 100
New Delhi: Gold prices today dipped below the Rs 30,000 mark, tumbling by Rs 350 to Rs 29,650 per 10 grams at the bullion market, tracking a weak trend overseas amid fall in demand from local jewellers.
Silver also declined by Rs 100 to Rs 41,600 per kg on reduced off-take by industrial units and coin makers.
Traders said a weak trend overseas, where gold sank the most in more than seven weeks after centrist Emmannuel Macron led the first round of voting in the French presidential election, boosted stocks and tiger red a sell-off of the safe-haven bullion, which mainly dampened sentiments here.
Globally, gold tumbled 1.5 per cent-the biggest decline since March 2nd-to trade at USD 1,265.51 an ounce in Singapore.
Besides, fall in demand from local jewellers and retailers at current levels weighed on prices, they said.
In the national capital, gold of 99.9 and 99.5 per cent purity slumped by Rs 350 each to Rs 29,650 and Rs 29,500 per 10 grams, respectively.
It had gained Rs 200 on Saturday’s trade.
Sovereign followed suit and declined by Rs 100 to Rs 24,400 per piece of eight grams.
Following gold, silver ready fell by Rs 100 to Rs 41,600 per kg, while weekly-based delivery slipped below the Rs 41,000-mark by falling Rs 330 to Rs 40,940 per kg.
Silver coins too plummeted by Rs 1,000 at Rs 71,000 for buying and Rs 72,000 for selling of 100 pieces.
Business
Apple is giving a huge discount on its gadgets: Details inside
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Amazon Summer Sale May 2022: Discount offer on iPhone 13
Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.
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Features of Apple iPhone 13
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