Gold, Silver Decline on Subdued Demand | Today Commodity Market News 16 May 2018.


Bullion - Opens on negative Note Gold -31110-31150 Silver - 39750-39780 

Energy - Opens on negative Note Crude Oil - 4830-4840 Natural Gas -192.50-193 

Base Metals - Opens on negative Note Copper -461-461.50 Nickel -982-984 Lead -160-159.50 Zinc - 208.30-208.40 Aluminium -158.80-159.



Gold prices eased further by Rs 20 to Rs 31,420 per 10 grams at the bullion market here due to lower demand from stockists and retailers amid bearish global cues.

Silver prices too dropped further by Rs 235 to Rs 39,805 per kg following subdued offtake from industrial units.

Standard gold (99.5 percent purity) prices fell by Rs 20 to close at Rs 31,420 per 10 grams from Monday's closing level of Rs 31,440.

Pure gold (99.9 percent purity) also moved down by a similar margin to end at Rs 31,570 per 10 grams as against Rs 31,590 yesterday.

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