Gold continued its descent for a seventh-straight session at the domestic bullion market on Saturday on subdued buying. Silver drifted to a nearly three-and-a half month low and closed below ` 46,000 a kg.
Standard gold (99.5 purity) dropped by ` 145 ` 30,665 for 10 gm. Pure gold (99.9 purity) lost a similar margin at ` 30,815 . Silver ready (.999 fineness) plunged ` 340 to ` 45,940 a kg.
Bullion rates
Chennai: Bar silver: ` 45,070 a kg; Standard gold: ` 30,540 for 10 gm; Retail silver: ` 48.20 a gm; 22-carat Retail ornament gold: ` 2,884 a gm.
Source: Hindu business line
Source:Bullion Bulletin