{"id":44296,"date":"2016-12-17T03:56:10","date_gmt":"2016-12-17T03:56:10","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=44296"},"modified":"2016-12-17T03:56:10","modified_gmt":"2016-12-17T03:56:10","slug":"gold-goes-down","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/gold-goes-down\/","title":{"rendered":"Gold goes down"},"content":{"rendered":"<p style=\"text-align: justify;\">Falling for the second day, gold cracked below the Rs 28,000-mark by plunging Rs 500 to over 10-month low of Rs 27,750 per 10 grams today, tracking a weak global trend.<\/p>\n<p style=\"text-align: justify;\">Moreover, reduced offtake by jewellers owing to negligible demand at the domestic spot market in view of the prevailing cash crunch following demonetisation of high-value notes hit sentiment.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-44298\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2016\/12\/goldgold-kO5C-621x414@LiveMint.jpg\" alt=\"Gold goes down\" width=\"621\" height=\"414\" \/><\/p>\n<p style=\"text-align: justify;\">Silver too dipped below the Rs 40,000-mark by tumbling Rs 1,350 to Rs 39,600 per kg on poor offtake by industrial units and coin makers.<br \/>\nTraders said sentiment was downbeat, largely in sync with a weak global trend where gold slipped to a 10-month low as the Federal Reserve indicated it will raise interest rates faster than previously expected, boosting the US dollar and eroded the demand for the precious metal as a safe-haven.<\/p>\n<p style=\"text-align: justify;\">Globally, gold price fell 1.26 per cent to $1,128.20 an ounce, and silver by 5.06 per cent to $15.95 per ounce in New York yesterday. The government on November 8 had scrapped Rs 500 and Rs 1,000 notes to flush out black money, leading to a cash crunch in the market.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-44299\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2016\/12\/Attica-Gold-Buying-Companys.jpg.jpg\" alt=\"Gold goes down\" width=\"636\" height=\"479\" \/><\/p>\n<p style=\"text-align: justify;\">In the national capital, gold of 99.9 per cent and 99.5 per cent purity plunged Rs 500 each to Rs 27,750 and Rs 27,600 per 10 grams, respectively &#8212; a level last seen on February 6 when it had closed at Rs 27,700.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Falling for the second day, gold cracked below the Rs 28,000-mark by plunging Rs 500 to over 10-month low of Rs 27,750 per 10 grams today, tracking a weak global trend. Moreover, reduced offtake by jewellers owing to negligible demand at the domestic spot market in view of the prevailing cash crunch following demonetisation of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":44297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[18035,9566,21121,4354,516,21120,21122,4356,517,17174,21123],"class_list":["post-44296","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-coin-makers","tag-down","tag-downbeat","tag-global-trend","tag-gold","tag-gold-goes-down","tag-gold-slipped","tag-industrial-units","tag-silver","tag-traders","tag-us-dollar"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2016\/12\/Gold-goes-down.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/44296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=44296"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/44296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/44297"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=44296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=44296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=44296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}