Gold prices falls by Rs 25 due to low demand and weak global cues

New Delhi-India (May 26)  Gold today eased by Rs 25 to Rs 27,450 per ten grams at the bullion market here, due to subdued demand from jewellers and weak overseas trends.

 Silver prices also fell by Rs 200 to Rs 38,850 per kg on reduced offtake by industrial units and coin makers.

 Weak global trends impacted gold prices here, marketmen said.

 In global markets, gold dropped to about two-week lows as prospects for US interest rate helped strengthen the US dollar, curbing demand for the precious metal.

Gold in Singapore fell by o.9% to US$1192.

Source: EconomicTimes.in