Business
Gold tumbles Rs 3,200 to 10-month low
The Take
Gold dropped Rs 3,200, hitting a 10-month low of Rs 1.42 lakh per 10 grams in Delhi. The price fell faster than a politician’s promise. Investors watched in silence as their savings lost value. Markets shrugged, unimpressed by the plunge. Gold’s fall outpaced a rainy season’s forecast. The drop left many scratching their heads.
The Wire
Gold prices fell Rs 3,200 to a 10-month low of Rs 1.42 lakh per 10 grams in Delhi, according to Greater Kashmir, Press Trust of India, and CNBC TV18. Moneycontrol.com also reported the drop, noting silver prices fell even harder. The decline reflects weak demand and global market pressures.
The receipts
Source: Greater Kashmir