Gold extends fall on stockists’ selling

NEW DELHI: Gold prices slipped further Wednesday due to sustained selling by stockists and speculators.
Lack of buying interest from retail consumers and investors due to sluggish global market conditions primarily kept pressure on gold prices, a trader said.
Silver gained marginally on stray demand from industrial users.
Meanwhile, Union Finance Minister P Chidambaram said the government will review the decision on gold import curbs after getting final figures of the current account deficit (CAD).
Standard gold (99.5 purity) dropped by Rs 121 to quote at Rs 30,337 per 10 grams at 1700 hrs from Tuesday’s level of Rs 30,458.                   —PTI

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