Bullion market trading under pressure

Inspite of the acceleration in the precious metals in the international market, the prices of the yellow and white metal fell down in the domestic market. 

Gold declined by Rs 50 and reached to Rs. 32,450 in the local market per ten grams. Silver prices too  slipped to Rs 500 per kg to Rs 61,500 were recorded.
According to information received from London due to the boom in the European market , the yellow metal, i.e, gold rose 0.5 percent to 1732.89 dollars per ounce. Silver rose 0.8 percent to 33.58 dollars per ounce.
Subscriptions due to the high price of gold in the local bullion market declined by Rs 50 to Rs 32,450 per ten grams. Despite the declining trend in gold is, Guinea gained Rs 100 to Rs 25,500. Silver is showing a declining trend. Silver slipped to Rs 500 per kg to Rs 61,500 as registered.

Silver coins gained Rs 1,000 per hundred. Silver coin buying and selling was at Rs. 78,000 and Rs. 79,000  per cent are over. Gold was trading under pressure  in the Asian market, while in the European market it was at a boom. Due to the high prices sellers are not finding much buyers for gold and silver in the domestic market. Wholesalers are also cautious.