Gold prices tumbled by ₹ 290 to ₹ 30,340 per 10 grams dragged by weak global trend and falling demand from local jewellers
Gold prices tumbled by Rs 290 to Rs 30,340 per 10 grams on Thursday dragged by weak trend overseas and falling demand from local jewellers, reported PTI. In global markets, gold prices also remained weak but clawed back from a 19-month low. Short-covering and a slight softening of the US dollar, following news that US and China will hold trade talks late this month, helped global prices to pullback slightly after falling to 19-month low. Global gold prices, which have largely been pressured by a strong dollar and rising US interest rates, have shed nearly 10% in 2018.
