{"id":1267,"date":"2013-04-07T05:26:10","date_gmt":"2013-04-07T01:26:10","guid":{"rendered":"http:\/\/www.dubaigoldprices.com\/?p=1267"},"modified":"2013-04-07T05:26:10","modified_gmt":"2013-04-07T01:26:10","slug":"gold-falls-for-2nd-week-but-manages-to-hold-above-30k","status":"publish","type":"post","link":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/2013\/04\/07\/gold-falls-for-2nd-week-but-manages-to-hold-above-30k\/","title":{"rendered":"Gold falls for 2nd week but manages to hold above 30K"},"content":{"rendered":"<p><a href=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/04\/gold_bar_694865f.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-1268\" alt=\"Gold falls for 2nd week but manages to hold above 30K\" src=\"http:\/\/www.dubaigoldprices.com\/wp-content\/uploads\/2013\/04\/gold_bar_694865f-300x199.jpg\" width=\"300\" height=\"199\" srcset=\"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-content\/uploads\/2013\/04\/gold_bar_694865f-300x199.jpg 300w, https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-content\/uploads\/2013\/04\/gold_bar_694865f.jpg 513w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Both the precious metals, gold and silver prices slid for the second straight week in the bullion market on sustained selling by stockists on sluggish demand.<\/p>\n<p>However, fag-end strong recovery on low level buying influenced by firming global trend, minimised the losses.<\/p>\n<p>Traders said sustained selling by stockists due to subdued demand mainly helped both gold and silver prices to surrender further ground.<\/p>\n<p>Selling by stockists came in at a time when the market was passing through an off marriage season and the government hiked tariff value on gold import, dampening the sentiment, they said.<\/p>\n<p>A fag-end sharp upsurge of Rs 470 per ten gram on firming global trend mainly pushed up the prices to wipe off most of the losses. The gold rebounded from 10-month low in New York as lower US job data, boosted prospects that Federal Reserve might take more steps to spur growth.<\/p>\n<p>In the <a href=\"http:\/\/www.dubaigoldprices.com\/gold-price-in-india-today\/\"><strong>national capital, gold<\/strong><\/a> of 99.9 and 99.5 percent purity commenced higher at Rs 30,200 and Rs 30,000 per ten grams but soon met with heavy sell-off triggered by a weak global trend and tumbled to touch a ten month low of Rs 29,500 and Rs 29,300 per ten grams.<\/p>\n<p>On last trading session, it staged a strong recovery on the back of firm global cues and ended at Rs 30,030 and Rs 29,830 per ten grams respectively, still showing a modest fall of Rs 40 each from the previous week&#8217;s close. Sovereign lost Rs 150 at Rs 25,100 per piece of eight gram.<\/p>\n<p>In line with a general weak trend, silver ready dropped by Rs 1100 to Rs 52,400 per kg and weekly-based delivery by Rs 1360 to Rs 51,540 per kg during this week.<\/p>\n<p>Silver coins also fell by Rs 1000 to Rs 80,000 for buying and Rs 81,000 for selling of 100 pieces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Both the precious metals, gold and silver prices slid for the second straight week in the bullion market on sustained selling by stockists on sluggish demand. However, fag-end strong recovery on low level buying influenced by firming global trend, minimised the losses. Traders said sustained selling by stockists due to subdued demand mainly helped both [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[190,378],"class_list":["post-1267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news","tag-dubai-gold","tag-gold-falls-for-2nd-week-but-manages-to-hold-above-30k"],"_links":{"self":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/1267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/comments?post=1267"}],"version-history":[{"count":0,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/posts\/1267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media\/1268"}],"wp:attachment":[{"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/media?parent=1267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/categories?post=1267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dxbgoldrate.com\/dubaigoldrates\/wp-json\/wp\/v2\/tags?post=1267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}