Traders said sentiment remained weak after gold dropped to a seven-month low and silver slumped to the lowest since June 2013 in global markets as speculation that US borrowing costs will rise sooner-than-expected strengthened the dollar, eroding demand for precious metals as alternative investment.
'The sari is a symbol of Indianism.' 'Once I was wearing a sari and walking in the middle of a market in Amsterdam and there was a musician playing a instrument.' 'When he saw me, he started playing an Indian song.' 'A sari has such strong cultural narrative.'
While gold fell by Rs 100 to Rs 31,350 per 10 grams and silver by 455 to Rs 47,445 per kg on reduced offtake as recent upsurge advised stockists to book profits.
At the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 20 each to Rs 30,180 and Rs 29,980 per ten grams, respectively.
Elina Svitolina stretched every sinew in a brilliant display of defensive tennis to register the biggest win of her career when she rallied for a 3-6, 6-2, 6-2 triumph over Sloane Stephens in an enthralling WTA Finals title decider on Sunday.
Gold in Singapore, which mostly set the price trend on the domestic front, climbed 0.6 per cent to $1,303.63 an ounce and silver by 1.9 per cent to USD 18.33 an ounce, the highest since September.
Traders said sentiment turned bearish on emergence of stockists selling at existing higher levels amid weak global trend as improving economic growth reduced demand for the precious metals as an alternate investment.
This week's collection of unbelievably unusual images from across the world
Sentiment remained bearish as gold fell in global markets after better-than-expected US economic data backed the case for the Federal Reserve to slow stimulus, traders said.
Silver also dropped for the fifth straight day and declined further by Rs 375 to Rs 39,250 per kg on reduced offtake by industrial units and coin makers.
Caroline Wozniacki 0-6, 6-3, 7-5 and advance to the last four at WTA Finals on Friday, the Frenchwoman topping the Red Group after top seed Simona Halep lost later in the day.
Traders said sentiment turned distinctly weak after gold prices slumped in global markets as Swiss voters rejected a plan for their central bank to accumulate bullion and oil extended its decline to five-year low, curbing demand for the precious metal.
A summary of sports events and persons who made news on Thursday
The rupee has been witnessing an unprecedented plunge in its value as it dropped to an all-time intra-day low of 68.75.
India's number one singles player Prajnesh Gunneswaran beat Jay Clarke of Great Britain in straight sets to enter the main draw of the Miami Open, on Wednesday.
The ecosystems of India and China today jostle against one another across Asia and much of the world.
Sharmila Nair's campaign '18 Shades of Black' is inspiring Indian women to talk about the restrictions they faced while growing up and encouraging people to find solutions.
Love pours in from all around the globe!
'There are thousand ways to pressure Pakistan to make it behave.' 'Going to the ICJ was the worst possible option,' says Colonel Anil A Athale.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
Hoard cash. There will be plenty of time and opportunity at far lower levels, warns Sonali Ranade in her weekly Market Notes
With one million users in Brazil, and 35,000 here in India within three weeks -- are we going to witness an encore from Orkut Bykkkten?
The FDA actions eventually led to a $500-million fine for Ranbaxy as well as the effective mothballing of many of its Indian factories.
The Danish World No 3 ended 2017 with the biggest title of her career in Singapore and returned a day after thrashing Madison Brengle in her season opener to hit 21 winners against eight unforced errors in the 53-minute win over Martic.
Being a student means a lot of things, not only grades, says overseas consultant NNS Chandra, in his advice to readers.
Aseem Chhabra tell us how he watched 302 films in 365 days on airplanes, on Netflix, Amazon, iTunes, Google, Hulu, DVDs and even on YouTube.
An inspired performance from Douglas Costa helped Brazil to a 3-0 win over Peru on Tuesday and lifted them into third place in the South American qualifying group for the 2018 World Cup in Russia.
